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Wednesday, 1st July 2009 (5914 views)

Gold is an ideal choice for those looking to diversify their investment portfolio during the current economic crisis, it has been suggested.

Writing for The Street, investment expert Don Dion explained that the precious metal is an option for investors who are looking to spread their wealth around during times of financial turmoil.

"Gold has historically been one of the investments of choice for people seeking to hedge against the loss of the purchasing power of paper currency," he stated.

Mr Dion added that gold is a good way of diversifying a portfolio as it has "traditionally performed well" at times when other areas of the financial market have faltered.

His advice echoes that of What Investment, which recently noted that gold should be considered by investors looking to reallocate their assets.

Standard Life Investments told the news source that the precious metal is an ideal long-term purchase for those entering retirement.

 

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