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CITY VIEWS: AS GOLD HITS $1,200 AN OUNCE, WHY ARE INVESTORS STILL PUTTING THEIR MONEY IN THE COMMODITY?

<strong>PETER J CALLOW </strong>RISK MANAGEMENT<br />&ldquo;Gold is a solid commodity, and there is so little confidence in the market that it&rsquo;s little surprise investors are flocking to invest in it. Analysts were saying two years ago that gold would soar, and hearing what it&rsquo;s worth today I&rsquo;m now regretting not investing back then.&rdquo;<br /><br /><strong>PETER THOMPSON </strong>PWC<br />&ldquo;Gold is historically a safe place to put your cash, and as investors lose faith in the market, they&rsquo;re rushing to invest in the safest possible place. It can only go so high, though, before the price gets too much even for the cautious investor. I don&rsquo;t think it&rsquo;s peaked yet, though.&rdquo;<br /><br /><strong>BEN MITCHELL </strong> PGI SOLUTIONS<br />&ldquo;It&rsquo;s not a surprise that gold has hit a new high given the recent events in Dubai. Everybody is nervous about where to put their money anyway, and last week&rsquo;s events just exacerbated things. Investing in gold is old fashioned, but it&rsquo;s safe. People want security on investments.&rdquo;