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Tuesday, 30th June 2009 (1376 views)

The ongoing financial crisis has made gold an ideal purchase for those looking to protect their investments, experts have stated.

Speaking to the Gold Report, Charles Oliver and Jamie Horvat of Sprott Asset Management said that the precious metal is a good choice when global economies are showing signs of uncertainty.

"There are many reasons to own gold. I think one of the biggest ones is the actual devaluation and debasement of currencies," Mr Oliver was quoted as saying.

Mr Horvat added that gold is the "ultimate store of value" and will "have a positive bias going forward", due in part to the current quantitative easing methods being used by governments around the world.

Their comments echo those made on the subject by a number of financial advisors recently.

Earlier this month, Shelter Offshore described the metal as being one of the "most stable" commodities available, noting that investing in gold is more accessible than many people are aware.

 

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