When markets are volatile, many investors have one thing in mind — finding a safe haven for their money.
But hunting one down is often easier said than done. Perhaps, then, investors should look to a traditional choice — gold.
The precious metal has had a bounce in December for seven of the past ten years.
Winter glitter: Gold – which is currently worth £1,454 – has had a bounce in December for seven of the past ten years
It has held most of its value whenever the global economy has gone into a tailspin. Hence its reputation as a safe haven.
So is now the right time to buy into a new gold price rally with so much economic turmoil to contend with?
An ounce of gold is currently worth £1,454. That’s an 8 per cent gain since January — although prices have dropped recently.
Given world stock markets have dropped 16.7 per cent in the same period, that isn’t to be sniffed at.
Hector McNeil, co-founder of investment fund shop HANetf calls the returns ‘decent’ when compared…
