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Gold investment could double on economic woes: Coutts

Posted on 12 October 2012

Investors should double the amount of gold they hold as the value of paper currency diminishes along with the prospects for global economic growth, said a senior executive at Coutts, the private banking arm of Britain’s Royal Bank of Scotland.
Ideally, investors should aim to have 7 to 8 per cent of their assets in gold, above the wealth management industry’s average of 3 per cent, Gary Dugan, Coutts’ chief investment officer for Asia and Middle East, told Reuters………………………………………..Full Article: Source

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