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Friday, 3rd July 2009 (2806 views)

Those who fail to invest in gold are likely to miss an "excellent opportunity", it has been argued.

Writing for Moneycontrol, Yogesh Chabria noted that the precious metal represents a good way to protect assets, particularly in times of economic uncertainty.

He explained that many people have ignored gold over time, but going against this convention could prove to be beneficial.

According to Mr Chabria, the difficulties facing major financial institutions around the world are likely to contribute to an increase in demand for the commodity.

Rather than wait for this to take hold, he recommended that investors act quickly, stating: "During any crisis gold becomes a universally accepted asset and the way the global economy is headed, I am certain most people would want to protect themselves and their wealth."

The expert also pointed to the present instability of currencies, which was highlighted by Shelter Offshore as a reason to choose gold last month.

 

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