Gold investors "should really like August and September", says David Yoe Williams on TheStreet.com. At this time of year the price often gets a boost as demand for the metal picks up. Jewellery becomes more popular as people begin to prepare for India's wedding season, while Christmas and Diwali also take place towards the end of the year.
China's New Year celebrations then follow early in January or February. Around two-thirds of annual gold production is used for jewellery, and Asia accounts for 70% of jewellery demand.
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This statistic is an interesting reminder that gold is a commodity as well as a store of value.But chasing seasonal patterns for quick profits is never wise. Investors should continue to hold 5%-10% of their portfolio in the yellow metal as insurance against financial crises and a return of inflation.
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