Gold
continues to be popular as people invest in the precious metal
due to the financial crisis gripping the world, an expert
has noted.
The Long Beach Coin, Stamp & Collectibles
Expo explained that the topic was a key one at its recent
event in the US state of California.
Scott Travers, former vice-president of the
American Numismatic Association, told Fox television that
the economic climate has prompted many people to consider
the precious metal.
"Gold is the place to be. In this financial
crisis we've seen gold hold its own and perform incredibly
well," he said.
David Hall, co-founder of the Professional
Coin Grading Service, added that those who invested in gold
coins three years ago have seen prices treble, while many
are now turning to it "because of the deterioration of
the dollar".
Last week, Shelter Offshore encouraged investors
to consider gold because it can offer protection from an uncertain
stock market
