(PRWEB UK) 16 October 2012
Gary Dugan, Chief Investment Officer for Asia and the Middle East at the private banking arm of Britain’s Royal Bank of Scotland, has suggested that investors should double the amount of gold they hold as the value of paper currency diminishes.
Mr Dugan said that investors should aim to have 7-8% assets in gold, and that he expects gold prices to rise towards $2000 in the next several months, supported with short to long term factors by emerging-market central banks.
Mr Dugan told Reuters: "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."
Physical Gold has responded to the comments with interest, a specialist at the company said:
“These comments from Gary Dugan are very encouraging and highlight the growing popularity of gold investment. Holding a section of your investment portfolio in gold bullion bars and coins provides a good hedge against interest in this unsteady economic climate. We have seen variable gold prices recently, but gold experts are predicting record prices within the next few months. Gold investment is showing some very encouraging signs.”
The specialists at Physical Gold are continuing to watch the gold market with interest.
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.