'Cautious' investors looking to buy gold
New research released today (November 6th) has suggested that the appeal of gold is rising for investors who are looking to play a cautious game in the current market turmoil.
Investment firm Skandia International conducted a study which showed that as global stock markets continue to behave in an extremely volatile manner, investors are looking for assurances, according to ftadviser.com.
The survey also revealed that 79 per cent of offshore advisers now believe that flexibility and security through investments such as gold are becoming a key component of any portfolio.
Steve Ellis, head of investment proposition at the firm, told the website: "It is no surprise that in the current climate investors are taking a more cautious approach to investing.
"With equity prices currently low, I expect that there is good value to be had for people taking a long term perspective."
Mr. Ellis also noted that investing in gold became increasing popular during the third quarter of 2008 as the global liquidity crisis began to fully unravel.
Skandia was successfully taken over in £3.6 billion deal by South African-British financial services group Old Mutual in February 2006, despite strong opposition from some shareholders.
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