Gold News

Fink recommends Gold Investment

A well-respected figure in the financial world has claimed today (November 6th) that he would recommend Buying Gold to any investor, Reuters reports.

Stanley Fink is currently head of International Standard Asset Management (ISAM) and is also known for his time as chief executive of hedge fund manager Man Group.

He explained that ISAM is optimistic about the future of the yellow metal and is set to relaunch a gold fund next month amid the current all-time high prices.

"I think gold will take value as the world's ultimate reserve currency," he told the news provider.

Those comments were strongly backed up recently by Paul Tudor Jones, whose Tudor Investment Corporation manages roughly $11.6 billion in assets.

In a letter to investors, he noted that Gold Investment is a shrewd strategy at present because it will provide a hedge against inflation when the economy begins to recover.

"Gold is just an asset that, like everything else in life, has its time and place. And now is that time," read one section, according to Bloomberg.

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