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Tuesday, 28th April 2009 (620 views)

Fears over a global swine flu pandemic could result in an increase in the popularity of gold as an investment choice, it has been suggested.

Speaking to Reuters, Darren Heathcote of Investec Australia stated that the financial uncertainly arising from the spread of the virus may cause investors to opt for the precious metal over stocks and shares.

"The problem is the potential for this to explode to pandemic proportions, leaving a lot of people very wary. It may well benefit gold, as gold would be seen as a safe haven," he was quoted as saying.

However, it remains to be seen what effects the swine flu crisis will have on the global economy, Mr Heathcote added.

In related news, gold coin expert David Albanese recently told Forbes that currency made from the precious metal is an ideal alternative to other forms of investment, as its value is unlikely to fluctuate as much as that of stocks.

 

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