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Friday, 12th March 2010 (1192 views)

There is set to be an increased investor interest in gold over the coming months, particularly in China, one expert has advised.

Donald Doyle, chairman of investment advisory firm Blanchard, says: "With China's vast dollar holdings, there should be continuing investment and central bank diversification into gold."

He adds that the continuation of currency risks all over the world, coupled with the prospect of future inflation, will make the precious metal an increasingly attractive asset class for investors.

Precious metals were named as the best performing asset class over the last ten years in a recent report from Halifax.

The study found that gold rose in value by 277 per cent over the past decade, with holders of the yellow metal seeing a 13.1 per cent annual yield on their investment during this period.

Abdullah Patel, writing for healthyfinancialhabits.com, recently suggested that gold is an asset class that is likely to hold its value in times of economic turmoil.

 

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