DOHA: Gold remains a safe haven in difficult circumstances for many investors seeking to protect their savings and capital, said a senior consultant yesterday.
Gold like any currency is subject to daily variables in line with the political developments in the world such as movement of dollar and fluctuation in oil prices and its demand and supply, said Mohammed bin Tawar Al Kuwari, Vice-Chairman of Qatar Chamber.
Al Kuwari, who was speaking at the opening of a workshop held yesterday under the theme of “Basics of Investing in Gold” at Qatar Chamber, said the yellow metal has confirmed its ability to stand firm in times of fluctuation, crisis and risks that investors faced during wars and economic and political crises.
The one-day workshop was organised in cooperation with Sabayik Al Doha Company to highlight movements of gold markets, importance of investment in gold in line with Shariah provisions.
‘How to invest in gold and the expected revenues of the investments’ was a paper presented during the workshop by Salah Al Jambaz, expert and consultant.
He said that gold producing companies realised profits reached 26 percent this year and major producers of gold include China, Australia, USA, Russia and South Africa.
Investment in gold delivers protection of savings and capital but the investors in general are in three categories — wary investors, speculators and balanced — who rationally keep balance between the revenues and risks.
