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Thursday, 11th March 2010 (2006 views)

Gold has been named as part of the best performing asset class for the decade from December 1999 to December 2009.

It is part of the precious metals sector, which according to the Halifax Assetwatch report, increased in value by 242 per cent over ten years.

Gold itself saw its worth increase by 277 per cent, making it the strongest performer of the three metals in its asset class.

Holders of precious metals saw an average annual yield of 13.1 per cent on their investment, the study added.

Over the course of the decade, the returns for the asset class outpaced UK inflation, which rose by 30 per cent between 1999 and last year.

Adrian Lowcock, a senior investment advisor at Bestinvest, said gold stands out at the "obvious performer" for investors.

He added that the metal had started the decade "very undervalued" as the market was swept up in the technology, media and telecommunications boom, but it is now in high demand because of its value as a hedge against inflation.

 

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