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Thursday, 25th June 2009 (664 views)

It is always a good idea to invest in gold during periods of financial uncertainty, an expert has argued.

Jeff Clark, an expert in the precious metal, stated that many investors "don't own enough gold", adding that now is the ideal time for them to step up their purchases.

He explained that gold prices traditionally fall in June and highlighted the similarities between the present situation and that of the 1970s, when gold steadily increased in value but tended to fall slightly during the summer months.

"Having physical gold in your possession is always a good idea in times of economic turmoil," Mr Clark stated, adding that buyers should continue investing in the metal until they can "honestly say you don't care how many dollars [US Federal Reserve chairman] Ben Bernanke prints".

Mr Clark's advice echoes that of senior investment advisor David Owen, who told the Liverpool Daily Post in the UK that gold is a viable alternative to the US dollar.

 

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