Gold News

Gold Bullion is a smart investment 'in any environment'

The head of a leading precious metals asset management firm claimed yesterday (July 1st) that Gold Bullion will turn out to be an excellent investment in the coming months.

Marc Lubazka, president of Aurum Advisors, explained that the current economic downturn has highlighted gold's intrinsic value to any investment portfolio.

Whether it is bought as a store of wealth in such a climate or as a hedge with a view to longer-term inflation, Mr. Lubazka explained that investors cannot go wrong Buying Gold.

"Investors are taking larger positions in gold bullion now than during normal times not only as a hedge, not only as something that will provide protection, but also as an investment that will give them the growth that the rest of their portfolio is lacking," he told the International Business Times.

"Over the next 12 months expect an above-average return. We will see gold challenge if not surpass the $1,200 an ounce mark."

Northwestern Mutual, the third-largest life insurer in the US, appears to agree with those sentiments and recently bought up $400 million worth of the yellow metal.

Edward Zore, chief executive officer at the firm, told the news provider after a recent Standard & Poor's conference in Brooklyn that buying gold is a prudent tactic.

"Gold just seems to make sense; it's a store of value," he said.

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