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Friday, 19th June 2009 (1091 views)

Those hoping to protect their assets from the financial troubles facing the world should consider buying gold, it has been suggested.

Writing for Investopedia, managing partner of Gad Partners Funds Sham Gad observed the potential the precious metal has in the current climate.

He urged investors to investigate the possibility of protecting portfolios in such a way, pointing to the fact that serious hedge funds have been doing so.

"In a market littered with many uncertainties, gold shines as a safe haven. The entire global economy is suffering from an unprecedented global credit crisis," said Mr Gad, adding that further difficulties "could send gold soaring".

He explained that inflation is one of the main factors that will lead to increased demand for the precious metal, while there is a threat that confidence in central banks will be lost.

Earlier this week, Shelter Offshore stated that gold is a much more stable option for investors than currencies.

 

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