'Asia Pacific Group' – Gold To Soar In 2009.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 30, 2009 -- Asian-based private fund, Asia Pacific Group, apparently remains convinced of the safe-haven credentials of gold despite its lackluster performance during the most severe financial crisis since the Great Depression.

Sources acquainted with strategists at Asia Pacific Group say the firm’s confidence in the precious metal stems from its resilience despite the sell off overall in commodities including oil.

Asia Pacific Group sources suggest that the firm sees gold as a currency rather than a commodity and say they expect markets and investors to adopt this perception as 2009 progresses.

Asia Pacific Group are thought to believe that the price of gold in dollars is set to rise because its role as a safe-haven is likely to evaporate as investors become less risk-averse after the huge deleveraging process that quickened following the failure of Lehman Brothers in 2008.

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