12.10.2012 - Gold investment could double on economic woes: Coutts
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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