World Gold Council chief market strategist John Reade was, unsurprisingly, positive on the outlook for gold, giving five reasons why one should invest in it.
First, all currencies in existence had depreciated substantially against gold, while the yellow metal had preserved its value, especially over the longer-term.
"Gold is also a source of return. It's not just there for bad times, if you look at returns over the last 20 years … gold has returned at all times not just at times of crisis", he said.
And, Reade noted the yellow metal performed well during periods of high and low inflation and was a portfolio diversifier that "works best when you need it".
Gold could also improve risk-adjusted portfolio returns, with the metal increasing retu...