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Friday, 6th November 2009 (822 views)

The last 12 months have seen a surge in gold as an investment vehicle, mainly thanks to currency fluctuations.

This is according to Keith Churchouse of Churchouse Financial Planning, who said that the precious metal's popularity is also attributable to "the reality ... that it is a reasonable investment".

He added: "There are a lot of people who are saying that commodities in general have a long way to go."

Investors interested in adding gold to their portfolios should bear in mind that there are a number of different ways of doing so, including buying physical gold such as coins, Mr Churchouse remarked.

The comments came shortly after gold prices hit record highs and a survey by Barclays Wealth indicated that two-fifths of investors think they could rise further.

Barbara-Ann King, head of investments at Barclays Stockbrokers, said that the economic crisis had prompted a rush towards gold's safe haven properties thanks to its lack of correlation with equity investments.

 

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