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Friday, 3rd July 2009 (2591 views)

There are various reasons why investors should consider buying gold in the current economic climate, it has been suggested.

According to one author at Instablog, the precious metal is an "international currency" that can be exchanged in almost any country.

The blogger, known as Rob, explained that he tends to keep a quarter of his assets in gold and predicted that it will offer the best investment opportunity over the next ten years.

Although the US dollar is currently the "world currency", he argued that this will not be the case within the next decade as government spending and the printing of more money take effect.

Investors were advised to purchase gold coins in particular, as a limited supply of the precious metal is likely to mean its value increases.

Earlier this week, a wealth manager told the Times of India that buying gold is a wise option at all times, not just during an economic crisis.

 

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