Gold Bullion is a portfolio 'must have'

Gold Bullion has been hailed as a commodity that every portfolio should contain.

Rupert Robinson, chief executive of Schroders Private Bank, believes that the precious metal is of such value in relation to today's worldwide economy that it should be in every investment portfolio.

He told the Daily Telegraph: "Today's economic environment makes gold a must in any client portfolio.

"Gold is setting record highs in almost every currency, despite headwinds including a strong dollar and monetary tightening in India and China."

Meanwhile, the Economic Times reveals that Blackstone Advisory Partners vice chairman Byron Wien believes that Gold Prices still have several hundred dollars to rise as financiers continue to look for market safety.

The news provider said: "Wien forecast gold would rise to around $1,500 an ounce from around $1,210 currently as more market players seek safe-haven type investments."

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