Physical Gold Respond to Comments by Steve Land at Franklin Templeton Investments

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Leading UK gold company, Physical Gold, has responded to comments from Steve Land at Franklin Templeton Investments about the future of gold.

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Franklin Templeton Investments have said that bullion remains relevant in portfolios as inflation may accelerate, the US dollar could weaken and global economic growth could stall.

Steve Land, lead portfolio manager at Franklin Gold and Precious Metals Fund, has said that gold is still relevant as an insurance policy despite its recent bearish trend – reports Bloomberg.

Franklin Templeton Investments have said that bullion remains relevant in portfolios as inflation may accelerate, the US dollar could weaken and global economic growth could stall.

Steve Land said: “As part of an overall diversified portfolio, gold does serve a role because some of these things are still real risks as we look forward over the next 12 months,”

Gold has battled against falling prices in the past month, which in turn boosted demand, but many investors remain confused about gold’s future. The comments from Land highlight that gold’s run is far from over yet.

A spokesperson from Physical Gold said:

“Gold is a long term investment and it is important not to be spooked by short term changes. As Land highlighted, there are still many factors that support gold and the gold investment still has an important place in a portfolio. Gold has had fast turnarounds before and no doubt will again.”

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.

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Dan Fisher
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