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Wednesday, 27th May 2009 (3870 views)

Gold continues to be viewed as a safe investment regardless of the economic climate.

Justine Fearns, head of investment research at AWD Chase de Vere, told the Daily Telegraph that the precious metal is more than a hedge against inflation.

"The bottom line is that gold is the asset that investors turn to in times of crisis," the financial adviser was quoted as saying.

Meanwhile, manager of the Investec Global Fund Daniel Stacks explained that investment in gold is likely to increase in the near future.

According to Mr Stacks, investors currently mistrust cash assets and government obligations, and this is adding to the fact that the metal is the "traditional hedge for inflation hawks".

The comments come after Logic Advisors' Bill O'Neill observed that interest in gold has been growing because of concerns over inflation, as it is seen as a reliable vehicle.

 

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