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Wednesday, 24th June 2009 (678 views)

Gold's "inverse relationship" with the dollar is making it popular among investors in the present financial climate, an expert has stated.

Senior investment advisor at Rensburg Sheppards David Owen told the UK's Liverpool Daily Post that as the US currency is at its lowest level for half a year, many are searching for "alternatives" to protect their funds.

"Gold is an ideal hedge against resurgent inflation as a traditional store of value," he was quoted as saying, adding that it is considered by many investors to be attractive over both the short and long term.

The news source noted that bars, sovereigns and Krugerrands offer the cheapest ways to invest in the precious metal, with the former usually available for the lowest percentage premium.

His comments follow those of gold expert Jerry Landry, who told the American Chronicle that US buyers are purchasing gold due to worries over the possibility of hyperinflation occurring and the dollar's value falling further.

 

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