Gold has long had universal appeal, sought after for its beauty and indestructibility.
In years gone by the world’s leading governments had their own ample supplies of it before replacing them with paper (or flat) currencies. Things seem to have moved full circle and in today's challenging economic and investment conditions, gold is considered by many to offer a credible, alternative means of investment.
Industry experts predict that not only will governments continue their programmes of quantitative easing risking a further devaluation of their currencies, they may ultimately look to replenish their gold reserves thus increasing it's value further.
A safe-haven during a crisis, gold's value has increased substantially over recent years, but perhaps more importantly its growth has been steady over the medium term also increasing by 15% year-on-year for the last decade.
Of course it's impossible to predict its future value but perhaps one of the wise men had the right idea all along…..