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Wednesday, 10th March 2010 (1531 views)

Gold bullion is proving to be an attractive option for many investors in Australia, as one commentator has noted sales of the precious metal are "skyrocketing".

Precious metal sales manager of Gold de Royale George Vo says that people in the country have been rushing to purchase Swiss gold bullion in response to the recent economic crisis and expectations of a future financial market meltdown.

He goes on to add that gold is a "safe" option, which retains its value and has been seen to perform particularly well as an asset class in recent times.

"Therefore, while most investors are mourning their losses in stock markets and in shares, smart investors are rushing to buy gold bullion," states Mr Vo.

Rishi Nathany, writing for the Business Standard, recently advised that investing in gold can help to diversify a person's wealth portfolio, while being a less volatile option than other asset classes, such as equities.

 

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