"Purchasing physical gold tends to be more of a long term investment designed to create safety, security and protection from financial markets."
The number of people purchasing gold through SIPPs has risen by over a quarter in the last three months.
According to The Pure Gold Company, people are spending on average £35,000 to buy gold for their retirement.
The announcement yesterday that The Royal Mint is making its gold bullion available for holding within SIPP schemes gives investors another outlet for adding gold to their pension assets.
The interest in gold has also been piqued by the recent price rise. Gold is up 6% in the last week and 17.5% since the start of the year, but still a third below the 2012 peak.
Physical bullion was added to the FCA's list of standard assets in 2014, which means advisers can now assist clients wanting to include physical gold in their pension planning through regulated pension schemes.
Josh Saul, CEO of The Pure Gold Company, said: “Purchasing physical gold tends to be more of a long term investment designed to create safety, security and protection from financial markets. Our clients see an obvious and natural synergy with pension vehicles given it’s longer term outlook.
“Our list of SIPP providers allows us to cater for people that are looking for a hedge within their retirement plan, but we do suggest clients take guidance before doing anything as these are decisions that can affect you 30 years down the line."