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Monday, 8th March 2010 (1118 views)

Gold is both a proven way to preserve a person's wealth and a store of value, it has been suggested.

David Levenstein, a leading expert on investing in precious metals, writing for Mineweb, says: "It [gold] has an intrinsic value that is recognised in almost every country in the world."

He states that the current economic environment is proving to be particularly favourable for the value of the precious metal, with gold being seen by many investors to act as a hedge against global currency devaluations and national debt.

"Everyone should own this metal," he adds.

Mr Levenstein states that he believes demand for gold will increase in China in particular, as people in the country have a solid understanding of the fact that the precious metal is a good investment option.

Bill Bonner, writing for the Daily Reckoning, recently advised that investing is gold is a good way to protect a person's wealth against the risk of future inflation.

 

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