8
March
Precious metals 'top investment'
8 March 2011 Reuters
Precious metals were the top performing investment for the second consecutive year during 2010 with their value soaring by 42% as people sought a safe haven from inflation, research indicates.
It is the fourth time in the past five years that precious metals have topped the tables for the best asset class, as continuing uncertainty over the prospects for the global economy caused investors to flock to gold, silver and platinum, according to Lloyds TSB.
The value of precious metals has surged by 365% during the past 10 years, nearly double the increase for the next best performing asset during the same period - residential property, which made a gain of 198%.
