Robert is the Managing Director at Hatton Jewellers, an independent jewellery retailer & finance company with a growing E-commerce presence.
Gold reached a record high price last year costing £1,584 per troy, a 64% increase in the last 10 years. With the current economic climate, 33% of Brits have decided to invest their money in shares, but there are other ways to invest your money. Gold is a good place to see a steady rise in profits with it increasing in price by 17% since last January and set to carry on rising throughout this year.
When compared to other popular long-term investments, gold has long been considered a reliable option. There are many reasons for this, but primarily because the price of gold rarely decreases and is known to increase in times of economic hardship — unlike most other investments. Because of this, investors often include gold in their portfolios, utilising this precious metal as a hedge against inflation.