The FTSE rose 0.70% this morning after the Dow Jones closed last night 1.80% higher.
Gold catapulted to a new high yesterday charging above $1,3000 an ounce for the first ever time.
Long-term gold investors John Chatfeild-Roberts and Ian Henderson have positioned their funds to benefit from further highs in the price of the precious metal.
Henderson's Mark Harris has warned investors in fixed income funds will lose money over the next ten years.
Sector Investment Managers is renaming its Junior Mining fund to better reflect its 90% allocation to gold miners.
Nouriel Roubini, the economist dubbed ‘Dr Doom' for predicting the US housing crash, believes the dollar, yen and Swiss franc may be better investments than gold if the global economy suffers a double dip.