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Wednesday, 22nd April 2009 (1270 views)

Gold has continued to retain its allure since the foundation of the world's first empires and can add "sparkle" to portfolios, an article has claimed.

According to independent financial advisor Andrew Farr, writing in the Western Mail, the precious metal keeps its value because of its rarity and the difficulty of extracting it.

With a range of investment vehicles available for those interested in gold, he explained that physical gold remains a "universal currency" and is a form of insurance that can be handed down through families.

Mr Farr noted that gold bullion coins are minted around the world and modern coins are investment grade legal tender, with South African Krugerrands currently most popular with investors.

He added that semi-numismatic and numismatic gold coins have an additional rarity, historical or aesthetic appeal that can add to their value.

Gold certificates, bonds, funds and accounts are also available, as are stocks and shares in gold mining companies.

In related news, the Royal Institution of Chartered Surveyors (Rics) has suggested that investors are choosing to purchase gold and jewellery rather than equities, as interest rates and stock markets remain low.

 

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