The gold price
Gold Investment is a stable bet - 29 January 2010
Buying Gold as a safe haven is a secure bet thanks to the precious metal's ability to weather both inflation and deflation.
That is according to Omar Kodmani, senior executive officer at London's Permal Investment Management Services, a company with $20 billion of assets under management, who believes that Gold Investment offers the buyer peace of mind against economic fluctuations, according to Reuters.
He told the news provider: "If there is either a deflation or an inflation scare, gold as a commodity usually responds well.
"In case of deflation, gold is a stable alternative alongside government bonds of highly rated countries."
However, the precious metal's resilience to unstable economies is of little consequence to Peter Munk, chairman and founder of the Canada-headquartered mining company Barrick Gold, the world's largest gold-mining corporation, who believes that Gold Prices are simply set for a continued rise.
Speaking to Reuters from the World Economic Forum in Davos, he said: "[Gold Price] may fluctuate, [but] to us and I think to our investors, the key criteria should be that it's got a secular tendency now to move up year in and year out."
For the very best Gold Prices – live online – plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
That is according to Omar Kodmani, senior executive officer at London's Permal Investment Management Services, a company with $20 billion of assets under management, who believes that Gold Investment offers the buyer peace of mind against economic fluctuations, according to Reuters.
He told the news provider: "If there is either a deflation or an inflation scare, gold as a commodity usually responds well.
"In case of deflation, gold is a stable alternative alongside government bonds of highly rated countries."
However, the precious metal's resilience to unstable economies is of little consequence to Peter Munk, chairman and founder of the Canada-headquartered mining company Barrick Gold, the world's largest gold-mining corporation, who believes that Gold Prices are simply set for a continued rise.
Speaking to Reuters from the World Economic Forum in Davos, he said: "[Gold Price] may fluctuate, [but] to us and I think to our investors, the key criteria should be that it's got a secular tendency now to move up year in and year out."
For the very best Gold Prices – live online – plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
Goldbug, 29 Jan '10
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