Gold is fast emerging as the asset of the year with a broader spectrum of investors now flocking to the precious metal for a wider range of reasons – this new gold rush sets gold up for long term highs and further underlines its appeal and usefulness in any type of portfolio.
Fund manager Peter Grosskopf says a growing number of individual and institutional investors are rushing to add gold to their portfolio with an eye on long term returns. “We are seeing more investors moving into gold and adding it to their portfolios at far higher percentages. That’s the underlying bid for gold,” he confirms. “Almost every big state pension fund in the U.S. is looking at gold. Only a few years ago, it was maybe two out of 50 funds that were interested in gold.
“People are starting to realise that if they don’t do something, they’re not going to be protected. The pressures have built up, so being in bonds will hurt you. Being in stocks will hurt you. Holding cash is punishing you. Gold has become a long-term asset. Its utility in a portfolio is going up.”
Grosskopf says gold has a wide-ranging appeal, with everyone from endowment funds to family trusts moving to add the yellow metal to their portfolios thanks to its safe haven status. As a trusted store of wealth, gold is now trumping other asset classes, setting it up for long term strength.
Don’t miss out of those benefits. Buy gold now.