Experts predict a bright future for the gold market, which only strengthened as a result of the global financial and economic crisis, which was contributed, in particular, by an unprecedented appetite among investors.

Recently, the price of gold set a new record - at the auction on the London Metal Exchange (LME), the troy ounce went up to 1093.1 dollars.

According to the participants of the tenth conference, organized in London on November 2-3 in the London Bullion Market, after the bankruptcy of Lehman Brothers a little over a year ago, investors literally pounced on gold.

Last month, yellow metal hit $ 1,070.80 an ounce, beating the previous historical record of $ 1,032.70 recorded in the spring of 2008. Since then, the price of gold has never dropped below $ 1,000, and since the beginning of this year has increased by 20%.

According to Mark Lynam, head of the world's third largest gold mining company, the "barbarian relic," as he figuratively calls gold, is very reliable, despite the fact that in the short term they are difficult to predict.

Favorable factors for gold experts call it a decrease in the volume of its production, which was noted since the beginning of the decade and is caused by a decrease in production returns on old gold mines, as well as a shortage of new gold mines and an increase in production costs.

Director of the Swiss company PAMP, one of the largest producers of gold coins and ingots, Mehdi Barkhordar, for his part, believes that the demand for gold began to grow due to the global crisis, which entailed "fundamental changes in market dynamics."

Gold suddenly became a safe haven for European and American investors who rediscovered its advantages, because unlike other types of financial investments such as stocks and bonds, it is not tied to an issuer that can go bankrupt.

According to Aram Shismanian, the head of the World Gold Council, the global crisis "transformed the yellow metal, making it not only intended for specialists."

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