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The ups and downs of gold

In times of turmoil, the precious metal can shine

By Ruth Jackson  

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For thousands of years gold has been treasured and collected. But in the 21st century is there any point holding it as part of your investment portfolio?

Gold fans have long argued that it offers an insurance policy for investment portfolios. “Gold tends to do well when other assets fall,” says Adrian Ash, head of research at gold trader BullionVault. Investors fall back on this rare and precious metal for its intrinsic long-term value and safe haven attributes.

“Some people will argue gold cannot be valued, and thus has no intrinsic value…

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