`Brentwood Group`, Japan As Equities Plunge, Gold Holds Firm

Released on: October 7, 2008, 7:52 am

Press Release Author: Vincent Hall

Industry: Financial

Press Release Summary: Brentwood Group – Investors are turning to gold as confidence
in banking system wanes.

Press Release Body: Brentwood Group are thought to believe that investor interest in
gold has returned as the global banking system teeters on the brink of meltdown.

Gold is seen as the ultimate store of wealth and as a hedge against inflation and
this reputation has seen retail investors shifting capital into bullion all over the
world.

In response to a question about why gold prices were still below $900, a Brentwood
Group spokesperson reportedly said that many financial institutions and hedge funds
were forced sellers and were liquidating holdings in the precious metal to meet
margin calls and obligations in other sectors and the fact that the price continues
to hold firm showed that there were plenty of buyers at under $900 supporting the
market.

Brentwood Group have reportedly been advising clients to hold gold in various forms
as a form of insurance against inflationary measures being taken by global central
banks since the beginning of the global credit crisis.




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