Gold investment holds many benefits and looks to continue its impressive streak in the New Year.
(PRWEB UK) 19 December 2012
Rebecca Patterson, chief investment officer at Bessemer Trust has claimed the recent weakness in gold is creating a great buying opportunity for investors.
She told CNBC: “Gold, you only make money if the price goes up. There is no yield on this asset, when U.S. yields are very low, people say, well, gosh, the opportunity cost of owning gold is very low.
“I don’t think yields will rise out of their recent range any time soon. I think the low for long camp is alive and well, and I am still a buyer for gold.”
The comments continue to highlight gold as a valuable asset, as experts predict a successful year for gold in the New Year.
A spokesperson for Physical Gold said:
“Gold investment holds many benefits and looks to continue its impressive streak in the New Year. After an amazing 2012 for the precious metal, we look forward to seeing where gold will go in 2013. As Rebecca Patterson highlights, gold continues to be a safe long term investment and investors should act fast to take advantage of lower prices before they rise.”
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.