Gold makes an ideal "mattress" investment and is the "ultimate form of insurance" against financial disasters, an expert has said.
Rachel Benepe, co-manager of the $1.84 billion (£1.15 billion) First Eagle Gold Fund said putting money into the precious metal is a good way for investors to insulate themselves against risks such as inflation, deflation, currency debasement and "geopolitical concerns", International Investor reports.
She recommended allocating between five and ten per cent of a portfolio to gold investments in order to fully protect against these and other potential problems.
Ms Benepe noted that despite gold prices reaching record highs in recent months, the fundamentals of supply and demand remain positive heading into 2010.
Earlier this month, Ted Scott of F&C Investments said the case for investing in gold "remains compelling" as it is both a safe haven from economic turbulence and a good store of value.
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