Gold News

Physical Gold Investment is 'ultimate financial insurance'

Financial services firm Gold and Silver Investments has claimed today (May 21st) that owning the yellow metal is key against the current backdrop of economic turmoil.

In a new report on ForexHound.com, the company explained that gold has "an intrinsic value in and of itself" which is not dependent on any counter-party risk.

Citing China's recent decision to increase its reserves, the report also notes that physical Gold Investment is attractive as it represents the "ultimate form of financial insurance".

One section reads: "Gold remains the ultimate safe-haven asset and investors should be certain that they own actual physical bullion in order to protect themselves from very significant macroeconomic, systemic and monetary risk."

Those views were echoed last week by Mark King from CompaniesAndMarkets.com, a leading market research intelligence firm, who also highlighted the significance of China's increased holdings of gold.

"Under the circumstances of unprecedented international financial crisis, economic depression and the worries about the inflation in the future, the investors recognized the advantages of possessing gold, reproving the core investment feature of the gold support value," he said.

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