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Tuesday, 16th June 2009 (1020 views)

Investors are turning to gold due to the financial uncertainty currently being felt around the world, it has been observed.

Moneywise noted that the precious metal is often seen as a safe option, particularly as an alternative to currencies.

Head of research at ETF Securities Nicholas Brooks told the portal that the printing of money by central banks across the world means that currency is depreciating against gold.

With the precious metal holding its value and therefore protecting assets when there is a fear of inflation, Moneywise explained that a growing number of people are turning to it.

"When investors are unsure of the global political, economic and financial climate, gold is where they go," Mr Brooks was quoted as saying.

Earlier this week, Merit Financial suggested that the precious metal is "a must" for investors in the current climate, adding that numismatic gold coins could represent the best option.

 

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