Gold News

Gold will 'outperform them all' in the long term

The editor of a respected gold-related newsletter expressed his confidence on Friday (March 20th) that the yellow metal will prove to be a sound long-term investment, reports.

Some market commentators have expressed their confusion over why Gold Prices have not rocketed past last year's all-time high of $1,030 per ounce, despite a raft of depressing economic news.

However, Brien Lundin, editor of the Gold Newsletter, has explained that Investing in Gold will give its rewards as it will continue to outperform other assets in the months and years to come.

He told the news provider: "In a future where every currency is competitively devaluing, where everyone is racing for the bottom of the hill, gold will outperform them all.

"The stock of every national currency will multiply in size, driving the relative value of tangible assets - primarily gold - much higher."

This view was echoed recently by emerging market debt and commodities manager Christopher Wyke, who oversees UK fund house Schroders' commodities fund, which hold around $4.5 billion in assets.

A firm gold bull, he suggested last year that prices could go as high as $5,000 per ounce, although he now accepts that a figure of $2,000 per ounce is more likely if US government policies bring about inflation, as expected.

"In the next 12 months, if that were to happen and the dollar were to fall, a gold price of $2,000 per ounce is quite likely," he told Reuters.

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