Gold Can Provide Reprieve - Swiss Money Manager

Investors remain cautious under the current economic landscape of negative interest rates, uncertainty in Europe and 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,” said Thomas Merrick, managing partner of Swiss-based Swiss Infinity Global Investments. Also a speaker at the Total Wealth Symposium, Merrick said he always advises his clients to hold a percentage of their portfolio in the yellow metal, and 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.”  (show less)

Investors remain cautious under the current economic landscape of negative interest rates, uncertainty in Europe and 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,” said Thomas Merrick, managing partner of Swiss-based Swiss Infinity Global Investments. Also a speaker at the Total Wealth Symposium, Merrick said ... (read more)

Kitco News Survey

 
 

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.