Switch to gold bullion, says Barings

The call comes as the commodity hits an all-time high, breaking through $1,000 an ounce. Percival Stanion, head of asset allocation at Barings, says gold offers better prospects than paper currencies such as the sterling, euro and dollar. Furthermore, he believes the rally in UK and European equities could prove to be a false dawn built on unstable economic foundations. "In our view, gold is a more stable store of value, over a five year view, than all paper currencies except the renminbi," says Stanion. "Sterling is our least favoured currency, even after significant falls in valu...