The publisher of a respected investment newsletter has today (June 30th) claimed that Buying Gold will always offer diversity to any portfolio.
Some market commentators are expecting the massive money printing in the US to result in inflation reappearing with a vengeance - thus boosting gold - while others predict that the current deflationary period is not coming to an end yet.
However, Don Dion, who publishes the Fidelity Independent Adviser newsletter and is also the founder and president of Dion Money Management, has explained that investors should Buy Gold in any economic environment.
"If you believe that inflation concerns are unfounded, gold is a good way to diversify your portfolio with an investment that has traditionally performed well when other sectors of the market have done poorly," he wrote on TheStreet.com.
Meanwhile, Gene Arensberg, a self-taught bullion trader and investor with nearly 30 years' experience, has also sounded a positive note for gold in his biweekly Got Gold Report newsletter.
He explained that the recent cooling in gold prices - particularly after they threatened to pass the $1,000 per ounce mark - has not changed his belief that the yellow metal is a sound long-term investment.
"We remain long-term [gold] bulls at Got Gold Report and view pullbacks and corrections as opportunities to add to our long-term physical and ETF positions," he wrote in a section of the report, quoted by StockHouse.com.
Researching your first Gold Investment today? Don't pay more than you should! Make it cheap, simple & ultra-secure at BullionVault...