Thursday, September 22, 2016

Gold Can Provide Reprieve 
Says Swiss Money Manager
Investors remain cautious under the current economic landscape of negative interest rates, uncertainty in Europe & potential tightening in the U.S. And, according to one American living in Switzerland, investors can still find reprieve in gold. “Physical gold primarily is a cornerstone of every portfolio that we have,” says Thomas Merrick, managing partner of Swiss-based Swiss Infinity Global Investments. Also a speaker at the Total Wealth Symposium, Merrick says he always advises his clients to hold a percentage of their portfolio in the yellow metal, right now, that allocation is about 15-20%. “It’s a long-term play.” He added that he was expecting gold to end the year at around $1,400 an ounce but thinks it might take a little longer. “By next year, we can certainly see that level.” .. 7 minutes

No comments: