Saudi Gold Investments Poised To Grow 20% In 2015
Gold fever has struck many places of late. Russian banks have been increasing the purchases of gold. What’s more, the US reserves are now in a steady place, it seems that the newly found gold rush is now going to take place in Saudi Arabia. Diversifying Portfolios The Saudi markets have become enamoured with the […]
Gold fever has struck many places of late. Russian banks have been increasing the purchases of gold. What’s more, the US reserves are now in a steady place, it seems that the newly found gold rush is now going to take place in Saudi Arabia.
The Saudi markets have become enamoured with the prospect of adding commodities to their investment portfolios. This increase in gold investments is expected to grow by 20% throughout the course of this year. The Saudi market has always been susceptible to new and exciting forms of investment. Their love of commodities is one that is well-known. But, the volume of investments has now reached an all time high. What’; s more, it is not expected to slow down anytime soon.
Gold investors are keen to invest in this precious commodity due to the decrease in value. The gold market, like any investment product, is subject to influxes and decreases as per the need for demand. With oil prices currently soaring, gold prices have declined somewhat over the last quarter. For investors, this is great news. After all, gold never truly loses its value. So, investing now is a smart move to make. It seems that the Saudi market has this one covered.
Saudi markets have been subject to intense growth over the course of the last quarter. With the prices of commodities becoming more affordable, it makes sense to vainest now. According to the latest figures, the growth of Regal Assets in gold and silver is expected to introduce over 300 new factories to the region.
Promoting Stability in Gold Prices
The nominal decline in gold prices is encouraging the Saudi market to promote stability with the commodity. As such, there is now a need for more gold to be produced.
The demand for gold in Saudi Arabia has now reached new heights. In fact, the latest studies show that over 55 tons of gold is expected to be produced in the Middle East. As a result of this, the purchasing power of gold will not be affected. It will make gold more accessible to the region. The World Gold Council has said that high demands need to be met. With this, there are now calls for exhibitors to attract Saudi companies. This can ensure that the market is a prosperous one. With a planned exhibition in Dubai in April, over 700 exhibitors from 40 countries will be in attendance.
A Gold Loving Nation
Saudi has always been something of a gold loving nation. The region enjoys commodities more than anywhere else in the world. The gold market in Saudi alone is estimated at around SR9 Billion. This equates to over £1.5 billion.
The gold rush in Saudi is not a new one. After all, as the world’s largest consumers of commodities, it is no surprise that the region will be taking advantage of the lower prices. But, this is positive news for the gold market as a whole. As more Saudi nationals invest, the greater the demand for gold all round. This means that the market will soon be seeing an increase in gold prices, globally.