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Thursday, 25th February 2010 (1663 views)

Purchasing physical gold can prove to be a good way for investors to diversify their portfolios during the global economic downturn, it has been advised.

"In times of uncertainty, gold is seen as a defensive asset and investors often flock to it," investment expert Meera Patel writes for Hargreaves Lansdown.

She says that gold has been one of the few asset classes that has "shown resilience" in the current economic environment, as it can protect from both a weak currency and inflation.

Gold jewellery, bars and gold can all be invested in to diversify a portfolio by exposing it to the precious metal, Ms Patel suggests.

Writing for MyWayBusiness.com, Gene Tillman recently advised that investors have been flocking to the asset class "in droves".

He added that gold has been seen to stand the test of time in terms of holding its value during times of inflation and economic decline.

 

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