Gallup Poll Results: Gold Is The Best Long-Term Investment

Meantime, the conviction in savings account and cash deposits as a good long-term investment increased slightly during the current year.

SEATTLE (Scrap Monster): A recent poll among investors suggest that gold was considered as the best long-term investment option by one fourth of Americans, said the World Gold Council (WGC). The yellow metal jumped into second place among various investment options during April this year, said the Gallup poll results.

According to the world gold trade body, the number of Americans who named gold as the best long-term investment almost doubled this year over the previous year, despite interest rates hitting new peal in March this year. Nearly 87% of the gold investors in the U.S. noted that the commodity has been able to hold its value over the long term.

In addition, the investors consider gold as a good tool to diversify their portfolio and a good safeguard against periods of political and economic uncertainties. Owning gold makes them feel secure for the long term. Moreover, gold protects the investors against inflation or currency fluctuations.

Meantime, the conviction in savings account and cash deposits as a good long-term investment increased slightly during the current year. Also, investors’ share of vote for real estate as the best long-term investment plunged to 34%, compared with 45% a year before, WGC said.

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