Gold still a safe bet
Gold hit an 18-month high this week, hitting US$1,009.70 as concerns about inflation begin to rear their head.
The precious metal has been a favoured haven for investors seeking stability in the face of the worst global recession since World War II, surging some 41% after falling to US$710.30 per ounce last November.
Diversified Investment Strategies brought gold into its portfolios five years ago to act as a counter to a potential meltdown in the global financial system.
“The risk of rising inflation is a factor” that has helped lift the price of gold, said investment analyst Norman Stacey.
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