Gold News

Gold Investment is a stable bet

Buying Gold as a safe haven is a secure bet thanks to the precious metal's ability to weather both inflation and deflation.

That is according to Omar Kodmani, senior executive officer at London's Permal Investment Management Services, a company with $20 billion of assets under management, who believes that Gold Investment offers the buyer peace of mind against economic fluctuations, according to Reuters.

He told the news provider: "If there is either a deflation or an inflation scare, gold as a commodity usually responds well.

"In case of deflation, gold is a stable alternative alongside government bonds of highly rated countries."

However, the precious metal's resilience to unstable economies is of little consequence to Peter Munk, chairman and founder of the Canada-headquartered mining company Barrick Gold, the world's largest gold-mining corporation, who believes that Gold Prices are simply set for a continued rise.

Speaking to Reuters from the World Economic Forum in Davos, he said: "[Gold Price] may fluctuate, [but] to us and I think to our investors, the key criteria should be that it's got a secular tendency now to move up year in and year out."

For the very best Gold Prices – live online – plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals