Gold News

Investing in gold will continue as its value is 'intrinsic to nature'

A senior figure at Gold and Silver Investments has claimed today (December 10th) that the appeal of gold as a long-term investment is continuing to grow, the Financial Times reports.

The price of the yellow metal tends to follow the opposite path to the US dollar and buying gold is traditionally seen as a prudent strategy for hedging against inflation.

Now Stephen Flood, executive director at the international bullion brokerage, has explained that the fact that gold is non-renewable will see it remain a sound investment for years to come.

He told FTAdviser: "Unlike paper investments such as bonds and equities whose value is dependent on the performance of governments, banks, corporations and the global economy; not the most reassuring of propositions at this moment in time, gold is a hard, tangible, very limited in supply asset whose value is intrinsic to nature."

Mr. Flood's comments were backed up recently by Nicholas Brooks, of exchange traded commodities specialist ETF Securities, who admitted that gold has timeless qualities which will keep it popular with investors.

"Gold continues to attract strong investor interest given its safe-haven, US dollar hedge and portfolio diversification qualities," he said.

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