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Thursday, 11th March 2010 (1920 views)

Investors looking for an asset class that is likely to hold its value in times of economic turmoil might be wise to turn to gold, as one commentator has suggested it is "an excellent hedge against inflation".

Abdullah Patel, writing for healthyfinancialhabits.com, says that because the precious metal holds its value when the dollar is weak, it has become a popular option for many investors in the US.

"Many Americans have turned to gold as a way to secure their financial future in uncertain economic times," he states.

For investors looking to put their money into the yellow metal, opting for American Eagle Gold Coins can be a particularly worthwhile choice because of the fact that they are guaranteed by the US government, he advises.

George Vo, precious metals sales manager of Gold de Royale, recently stated that demand for gold bullion is "skyrocketing" in Australia in response to the global economic downturn.

 

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