The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 12th March 2009 (1316 views)

Gold has become more popular recently due to the security it offers investors, an expert has said.

Business development director at the IPS Partnership Richard Mattison suggested that gold is of increasing interest to self-invested personal pension (Sipp) holders.

Mr Mattison stated that these investors are looking for a "genuine safe haven" in times of economic turbulence.

And he added that Sipp holders are less concerned with getting good returns from the precious metal, with the security of "physically owning gold" a priority for most.

"Gold and gilts are about as secure as you can get and that's why there has been such a surge in popularity," Mr Mattison remarked.

This follows comments from the chief executive of South African gold producer Gold Fields at the Global Mining and Steel Summit in Johannesburg.

Nick Holland claimed that the previous record price for gold could soon be surpassed, Reuters reported.

 

« Back to Gold News stories