"In short, it is increasingly attractive as the only truly hard currency," says head of investments
Gold may be sharply below its peak value last year, but a fear that policymakers will allow "a surge in inflation" in the long term is leading Rothschild Wealth Management to like the prospects for
gold, and hold it in client portfolios. ...
The
gold price will remain volatile, in RWM's view, but "the long-term outlook is bright and the investment case for
gold remains robust.
"In short, it is increasingly attractive as the only truly hard currency.
Gold will continue to be the main beneficiary of central banks' extremely loose monetary policies," says Dirk Wiedmann, head of investments at Rothschild Wealth Management.
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