12.11.2014 - Gold prices to fall further over next 5-7 yrs: Morningstar
According to Michael Coop, , head of Multi Asset Strategies, Morningstar gold is going for further slowdown as people still have significant component of the gold that they purchased 5-10 years ago. And the risk of them to divest that as they have become a bit pessimistic about the outlook and are seeing losses. There are three things investors need to remember when they decide whether to hold gold in their portfolios. First is that over the long-term gold has been a reliable store of value and has kept its purchasing power and so, you could buy the same quantity of goods with gold now which you could 50-200 years ago. People tend to hold gold like an insurance against inflation. ..............................................Full Article: Source
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