Gold investment is 'important' for portfolio
Investing in Gold is an important part of piecing together a profitable and safe portfolio, a leading industry analyst has claimed.
Alan Demby, South African Gold Coin Exchange chairperson, believes that Buying Gold as part of an investment portfolio is not only key to the portfolio's success, but offers the buyer a welcome safe haven too, according to Mining Weekly.
He told the news provider: "People realise the importance of including gold in their investment portfolios.
"At the end of the day, [investing] about ten per cent stock in gold will only give you marginal returns on your investment, but it is the ultimate insurance policy against financial risks and that is priceless."
Supporting Mr Demby's view that the yellow metal remains a solid investment option is Marc Faber, the Swiss fund manager and Gloom Boom & Doom editor.
Mr Faber suggests that gold will not fall below the $1,000 per ounce mark, and as a result of its price, makes for an attractive investment.
He said: "We will not see less than the $1,000 level again. Central banks are all the same. They are printers. Gold is maybe cheaper today than in 2001, given the interest rates. You have to own physical gold."
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