2008 will be remembered as a dismal year for equity markets worldwide. In Asia alone, Japan's Nikkei 225 Average slumped 42% for the year, chalking its worst performance on record. South Korea's KOSPI came close behind with the index down 41%.
As 2008 draws to a close and we enter the new year, how should we position our investments?
Johann Santer, managing director of Superfund Financial, says safety is key to protecting one's wealth in 2009.
He likes gold, because inflation, while taking a back seat for now, will rear its ugly head again in the long run. He believes the precious metal offers protection as well as future performance in one's portfolio.