Gold ‘worth having as part of CFD spread’
July 20th, 2010Investors may wish to consider putting their money into gold, if recent suggestions are anything to go by.
This is the view of Dan Hallett, director of asset management for HighView Financial Group, who told the Windsor Star it is worth people holding it as part of a diversified CFD spread.
Gold is often seen as something of a safe-haven commodity for investors during times of economic turbulence but Hallet pointed out it is not without risk.
He noted an increase in demand for the commodity is driving up the price and advised those who want to use gold to offset their exposure to the market to invest ten to 15 per cent of what they have in equities.
"Investment demand is not very steady. Does [gold] have any intrinsic value? I don’t think so. I think it has value as long as people are fearful," he cautioned.
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