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Friday, 10th July 2009 (818 views)

Investors looking for long-term prospects may do well to look into holding physical gold, according to one expert.

Writing for the Birmingham Post, Montpelier Group director Trevor Law explained that gold is traditionally seen as a safe haven in times of economic uncertainty but to get the most from the precious metal, it is advisable to view it as an investment over decades rather than a short-term fix.

"If it's to be held as physical gold it has to be viewed over the very long term. Commodity cycles generally run for between 15 and 25 years," he commented.

In a recent column for Mineweb, Ronald Stoeferle of Erste Bank said it is a myth that gold is a volatile investment.

He pointed to figures suggesting that the precious metal is less likely to fluctuate to extremes than equity investments and noted that gold is not exposed to any credit or liquidity risk.

 

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