Gold soars – should you add it to your pension?

Maike Currie, VP Personal Finance at PensionBee, said: “Gold prices have surged to record levels, rising more than 60% last year and over 20% so far this year. The spectacular rally has been driven by geopolitical tensions, a weaker US dollar, inflation worries and rising government debt. At the same time, investors are increasingly questioning the reliability and diversification benefits of traditional safe havens such as government bonds.

“Gold’s unique characteristics, including its scarcity, liquidity and long-standing role as a store of value, all make a strong case for its inclusion in pension portfolios as markets become more volatile and traditional protections weaken.

“Understanding how much gold fits into your pension has never been more important, particularly for time-poor savers nearing retirement and looking to access their pension.”