Apologies for the terrible title – “buy gold” is a little boring.
In a video by Citywire, Gavin Lumsden explains why buying gold is becoming more popular. Why is this so? Lumsden tells us that over the last century “returns” have far outstripped those of other asset classes such as equities and bonds.
I put returns in speech marks as a more accurate way of describing the situation is that gold hasn’t lost its purchasing power, the value of your equity or bond investment (denominated in pounds), has.