A prominent Australian analyst has predicted that anyone with a Gold Investment will be rewarded in the long term, The Australian reports today (April 22nd).
Backers of the yellow metal believe that a period of inflation is impending due to the sheer level of money being printed by central governments as they tackle the financial crisis.
Greg Canavan, director of investment house Fat Prophets, has explained that people who decided to Buy Gold for its safe-haven qualities are likely to benefit from a weaker dollar in the future.
He told the news provider: "The money flows that flocked to the US dollar over the past six months seeking a 'safe haven' will slowly begin to reverse. We believe gold and commodities will be the ultimate beneficiary."
Natalie Dempster, head of North American investment at the World Gold Council, has also explained that gold is an "effective portfolio diversifier", as well as providing a store of wealth in tough economic times.
"The unique and diverse drivers of gold demand and supply mean that changes in the gold price do not correlate with changes in the prices of other financial assets, regardless of the health of the financial sector or broader economy," she said.
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