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Thursday, 21st May 2009 (536 views)

A growing number of people are opting to purchase gold due to their preference for physical assets during times of economic instability, it has been suggested.

Jason Butler of Bloomsbury Financial Planning stated that demand for the precious metal is increasing given the current downturn.

"Gold is obviously proving popular because in times of uncertainty people like to have something physical," he explained.

The chartered financial planner added that it is "quite rational" for investors to "turn to something that they can touch and that has been around for thousands of years".

However, he urged buyers to seek advice before purchasing gold, as such an investment still carries an element of risk.

His comments follow those of gold specialist Mike Temple, who recently noted that the asset has performed better than any other since the onset of the recession, making it an "excellent" investment option for those looking to protect their wealth against inflation.

 

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