Gold News

Hambro: Gold Investment is a 'wonderful diversifier'

A major gold fund manager claimed on Tuesday (May 26th) that declining production around the world will continue to support Gold Investment, Investors Chronicle reports.

Evy Hambro manages the BGF World Mining Fund, the BGF World Gold Fund and the BlackRock World Mining Trust, and took over the BlackRock Gold and General Fund in April.

In an interview with the news provider, he explained that anyone planning to Buy Gold is on to a winner as the reasons for holding the yellow metal are as compelling now as they have ever been.

He said: "Gold has a role to play in everybody's portfolio - it is a wonderful diversifier of one's asset base.

"Gold production has been declining almost every year since peaking back in 2001, with no real growth prospects in the pipeline to turn the trend around."

One of the main attractions of gold is that it provides a safe haven in times of economic crisis and this was alluded to last week by Steve Saville, who produces the popular Speculative Investor newsletter.

Writing on the publication's website, he commented: "Gold has been doing well and should continue to do well because of what governments are doing to prevent the natural flow of events from occurring."

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