Traditional investments will continue to shine, says expert

Tue, 22 Jan 2008

Gold, platinum and diamonds should remain good investments in 2008, one analyst believes.

Angus McPhail, global oil and natural resources analyst for investment company Alliance Trust, said: "Diamonds, like gold, offer a safe haven to preserve value in uncertain times. Demand for autocatalysts in the US also means that platinum will do well."

However, he added that the strength of gold and diamonds would depend on the US dollar remaining weak.

Mr McPhail also said that the mining sector in general should remain strong and that selective investments should provide people with profits.

He added that China and India were currently the key drivers behind the mining sector.

Investment bank Goldman Sachs predicts that the economies of China and India will be larger than those of the G7 countries by the year 2050.

Goldman Sachs also forecasts that the economies of Brazil and Russia will achieve the same feat.
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UK Investments - Financial, Property & Other Investments - 1998-2008

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