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Silver and gold 'in the early stages of a bubble'

Silver and gold 'in the early stages of a bubble'
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People learning how to trade should bear in mind that silver and gold are almost definitely in the early stages of a bubble, according to one expert.

Speaking to the FT Money Show, chief investment expert at PSigma Investment Management Thomas Becket explained that many commentators have "crudely" branded the precious metals "bubbleicious" as a result of their recent fluctuations.

He said: "We have maintained the same gold positions but they have just gone up and up and up, so they seem bigger in portfolios."

Mr Becket went on to suggest that investors expose themselves to such items by using an exchange traded fund, as it will give them a degree of liquidity that can prove to be vital if the value of gold and silver begins to nosedive.

This week, the expert also suggested debt defaults are certain in Europe, but admitted he is unsure when they will occur.

Posted by Chris WeaverADNFCR-1681-ID-800673947-ADNFCR