Expert: Gold watches will become increasingly valuable

First published: 08-02-2010

While the value of precious metals on the world's stock exchanges has been falling in the last few weeks, this could make it the perfect time to buy a gold watch.

Adam Hamilton, a long-term speculator, has told Stockopedia that the HUI - which measures this - had fallen by a sixth of its value in the last eight trading days, making it a great time to buy.

He acknowledged that this could be seen as a bad thing, but pointed out that the best investment strategy is to buy when the price is low.

"If you want to multiply your capital in the markets, the surest way to do it is to buy aggressively when nearly everyone else is rushing to abandon ship," he highlighted.

Mr Hamilton predicted that assets of this type, such as gold watches, will quickly return to their former value.

Earlier this month, Newmont Mining Corporation president Richard O'Brien claimed that gold prices could rise to $1,350 (£846) per ounce this year.

© Copyright WATCH SHOP UK - DO NOT COPY

Related articles

Ultimate Festival Guide

Posted: 08-07-2019

Festival season is here and so is the Watch Shop guide to boho chic and on trend choices from our expert buyers.

Summer Style Edit: Watch Trends for 2019

Posted: 20-06-2019

Inspired by summer and top watch trends, we've compiled a list of favourite watches for summer 2019 to complete your holiday outfit.

Father's Day Ultimate Gift Guide

Posted: 29-05-2019

Watch Shop has curated the ultimate selection of Father’s Day gifts. Treat your Dad to a timeless watch on 16th June.

How to choose the right fitness watch for you

Posted: 01-05-2019

How to choose the right fitness watch for you. Honest reviews and insights from the UK’s no.1 online watch retailer, Watch Shop.

CATEGORIES

PREVIOUS NEWS