Gold News

Fund manager: You can't go wrong with a physical gold investment

Top fund manager Markus Bachmann has claimed today (December 16th) that gold investment is a shrewd strategy in the wake of recent financial turmoil around the globe, Reuters reports.

Some commentators believe that the record US budget deficit of $455 billion for the year to September 30th could be doubled this fiscal year in light of the $700 billion rescue package for banks.

Now Mr. Bachmann, who manages the Craton Capital Precious Metal Fund, has explained that investing in gold will reap huge benefits when that debt begins to unwind.

He told the news provider: "The monetary expansion that took place in October and November was absolutely unprecedented.

"You can't go wrong by holding physical gold. You don't need to be a gold bug or a grave dancer. If you don't know what the world is going to look like in the future then buy gold."

Mr. Bachmann's comments come after two analysts at JP Morgan, the largest bank in the US by asset size, urged people to buy gold over the festive period as they expect prices to rise at the turn of the year.

John Bridges and Steve Shepard wrote in a report: "The tighter gold supplies and counterparty risk could give gold (and thus directly the equities) a lift through year end."

For the very best Gold Prices - live online - plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...

BullionVault-cube-18932483-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals