Gold News

Gold Bullion is a portfolio 'must have'

Gold Bullion has been hailed as a commodity that every portfolio should contain.

Rupert Robinson, chief executive of Schroders Private Bank, believes that the precious metal is of such value in relation to today's worldwide economy that it should be in every investment portfolio.

He told the Daily Telegraph: "Today's economic environment makes gold a must in any client portfolio.

"Gold is setting record highs in almost every currency, despite headwinds including a strong dollar and monetary tightening in India and China."

Meanwhile, the Economic Times reveals that Blackstone Advisory Partners vice chairman Byron Wien believes that Gold Prices still have several hundred dollars to rise as financiers continue to look for market safety.

The news provider said: "Wien forecast gold would rise to around $1,500 an ounce from around $1,210 currently as more market players seek safe-haven type investments."

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Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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