Gold News

Buying Gold is 'more than ever' about the hedge

Gold Investment offers buyers one of the best possible investments in the current market, particularly with regards to using the commodity as a hedge.

That is the opinion of Mark Johnson, manager of the USAA Precious Metals and Minerals Fund, who suggests that gold is a "good investment", according to CNN Money's Fortune.

He reveals that this is particularly the case given the lack of alternative opportunities currently on offer in the investible market.

Mr Johnson told the news provider: "Gold … is a good investment. You're hard-put to find any great investments right now. Now more than ever you also want gold as a hedge."

Such assertions have gained support in recent comments from BloombergUTV, which revealed that dollar alterations are making Gold Investment increasingly attractive.

The website states: "Gold prices scaled above $1,100 per ounce level as a softer US dollar raised Gold's Investment appeal. Investors continue to watch the currency markets for a direction."

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