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Monday, 8th March 2010 (1586 views)

Investors are still keen to put their money into gold in the current economic climate, it has been suggested.

Lawrence Williams, writing for Mineweb, states that there is currently a worldwide "degree of nervousness" about the value of currencies but gold is being viewed by many investors as a "stable" option.

He notes that this has been accentuated by the recent trend of traditional gold-buying countries such as India and China increasing their demand for gold jewellery and bullion products.

"We are more likely than not entering a period where gold will continue to rise. [It can] protect your wealth from a drastic depreciation in currency and market values," states Mr Williams.

Speaking to Bloomberg, Wallace Ng, executive director of derivatives at Fortis Nederland recently advised that investing in the precious metal can prove to be a security blanket against financial turmoil.

He recommended that worldwide investors would be wise to hang on to any gold that they currently have in their portfolio of assets.

 

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