Despite some people suggesting that gold is a suitable investment during times of financial volatility, one expert has suggested that the commodity still contains an element of risk.
Jason Butler, a financial planner with Bloomsbury Financial Planning, said that gold does not have an "expected return" as there is no method of giving interest or dividends.
"There is no 'get out of jail free' card; there's just as much risk in holding gold as there is in not holding it," he commented.
Investing in the precious metal can prove to be "very risky", Mr Butler claimed, adding that there have been a number of examples of when it was not the right time to buy gold.
Last week, Marc Dampier, head of research at Hargreaves Landsdown, urged people to be aware that gold can be a "volatile" commodity than can rise and fall by ten per cent in value over the course of a day.
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