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Wednesday, 20th May 2009 (1110 views)

Gold was the only asset class that "actually did its job" during 2008, it has been claimed.

According to the Canadian Financial Post, the precious metal has traditionally been viewed as a "solid hedge against inflation" and "acts as a good buffer against volatility".

The news source noted that gold bullion rates held fast while other asset classes "were plunging" and managed to outperform the broad markets last year.

Investment advisor Kim Inglis recommended that investors "take a second look at gold bullion", as demand for the precious metal continues to grow and confidence in currencies dwindles.

Gold bars or coins may be purchased from banks, independent dealers and mints, and tangible assets can offer protection against "inflation, financial collapse and currency devaluation", she added.

In related news, senior advisor at Bestinvest Adrian Lowcock told the Independent that investing in the precious metal is attractive as it provides a "natural hedge" against inflationary pressures and currency fluctuations.

 

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