Precious metals top investment

Published: 28/03/2011

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.

According to Lloyds TSB, it was the fourth time in five years that precious metals 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.

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%.

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