Gold investment could double on economic woes - Coutts
| Reuters
Investors should double the amount of gold they hold as the value of
paper currency diminishes along with the prospects for global economic
growth, said a senior executive at Coutts, the private banking arm of
Britain’s Royal Bank of Scotland.
Ideally, investors should aim to have 7 to 8 percent of their assets
in gold, above the wealth management industry’s average of 3 percent,
Gary Dugan, Coutts’ chief investment officer for Asia and Middle East,
told Reuters.
“What’s happening in precious metals is that they are becoming more
mainstream,” Dugan said, adding that ten years ago investors rarely held
any gold in their portfolios.
“Some of the clients ask where gold prices are going, and I say don’t even think about prices. It’s a store of value.”
As you said ,along with the prospects for global economic growth investor are really interested in GOLD investment .it is secure to invest in precious metals.
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There is a silent stealth like move slowly creeping into Gold PW, when the masses catch on...watch out!.
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