With commodity prices on the march upwards gold is leading the way

In 2009 we have seen a gold rush. Walking down the High Street, you will be fortunate not to trip over the signs of those eager to buy it.

Radio and television adverts offer us top prices for our unwanted jewellery. Even Harrods has got in on the act, selling gold bars over the counter to its well-heeled customers. With commodity prices on the march upwards, gold is leading the way. Our favourite precious metal has risen in price by 20% in sterling and 38% in US dollar terms since the beginning of the year and by the start of December was commanding a record price, exceeding $1,200 an ounce. In unpredictable times, it is nothing new for investors to flock to the perceived safety of gold. And these have been the most diff...