It's never too late to invest in gold

King facing the financial crisis still spreading, how to spread the risk, do well the asset allocation? It is believed that gold investment has become one of the alternative answers for many investors.　　Especially in the past period, when other investments have been in trouble, gold has been driven by risk aversion, showing good investment value. So is gold still a haven for money when gold has reached a high of more than thousands of dollars this year and is now in high volatility? When is it appropriate to invest?　　Zhenglianghao, managing director of the Far East region of the World Gold Association, answered the above hot questions in an interview with our correspondent. Gold Outlook is expected to continue to rise to affect the gold price trend of the two main reasons, that is, hedge demand and inflationary pressures. In the long run, the relationship between supply and demand is one of the important factors affecting the gold price trend. Zhenglianghao analysis, in terms of supply and demand, industrial demand has changed little every year, but investment demand in the future, as inflation expectations are strengthened, will certainly rise. On the supply side, data show that the amount of new gold mined underground has changed little in recent years, and there is unlikely to be a new mine in the next 5-7 years. While central banks may continue to sell gold in the next few years, central banks have not used up the agreement to run out of 500 tonnes a year, according to data from recent years.　　As a result, the future central banks will not sell much, and may even have a buying action. In the long run, Zhenglianghao points out, gold is likely to continue to rise. "But as to what extent it can rise, because of various factors intertwined, nor accurate prediction."　　"The safe haven charm of gold is still worth looking forward to." Zhenglianghao also highlighted the impact of the current "China factor" on international gold prices. He said that China's current physical gold and gold investment (excluding derivatives) has accounted for 10% of the world, is already the world's largest gold-producing countries, jewelry consumption demand is second only to India.　　He believes the "Chinese factor" will have a greater impact on the global gold market in the future. Don't worry too much about buying time for investors who are interested in investing in gold, Zhenglianghao's advice is that if you're not a short-term investor, you don't have to worry too much about the current buying opportunity. Investing in gold is "never too Late". "Although the price of gold is still in high volatility, but Zhenglianghao analysis that the impact of the financial crisis, the world's governments are implementing a loose monetary policy, and constantly printing money to inject liquidity in the market, is the coming of inflation." In relative terms, "gold is a good investment option in preserving purchasing power." Zhenglianghao stressed that investing in gold has proven to be a good choice in the worst of the financial crisis.　　Data show that China's physical demand for gold (mainly bullion) reached 69 tonnes in 2008, compared with 25 tonnes in 2007, and less than 15 tonnes in 2006. As for the specific investment strategy, given the long-term bullish gold price, Zhenglianghao suggested that investors can buy gold in a timely manner, "at different points in time to buy gold at different prices, you can share the cost." ”