Safe-haven gold stocks a true asset

Gold Investing News report gold prices settle at a $920 mark after surpassing a $1,000 last month.

The current price of gold, which was selling for $250 an ounce in 2001, is just too rich for some advisers, but there are others who insist an allocation to gold remains paramount in these uncertain economic times.

“With the debasing of currencies in developed economies, you need something with global liquidity, and gold is it,” said Dawn Bennett, chief executive of Bennett Group Financial Services LLC, a Washington-based firm with $1 billion under advisement. “I’m anticipating inflation, and gold will be a hedge against that,” said Ms. Bennett, who recommends allocations to gold and natural resources of 25 per cent to 40 per cent.

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