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Monday, 26th January 2009 (1724 views)

Paul Tustain, chief executive of trading firm Bullionvaults.com, has suggested that gold maintains its value over time.

He told the Associated Press: "Gold holds its value over history like nothing else. In times of turbulence it's a safety raft."

Mr Tustain explained that a gold coin used to purchase a toga for ancient Romans and is now of similar value to a "decent" suit.

A London shopper, Sadha Kaur, also told the Associated Press that she invests in gold as it "keeps it value" better than other items and purchased a gold bangle from RPS Jewellers in west London to give to her daughter for the day she gets married.

The article stated that South Asian women have purchased gold for generations both as “ornament and insurance” and suggested that this investment strategy may be a good one in the wake of the global economic slowdown.

A recent report from GFMS stated that the outlook for gold investment is "robust", despite the global economic slowdown, according to Mineweb.

 

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