Financial advisers should consider protecting their clients' portfolios from increasing economic uncertainty by diversifying into gold, according to Stephen Flood, director of Gold Investments.
He says a 10%-15% allocation to gold or other precious metals can help hedge against the risk of falling equity and property values. Flood says: “Gold is a good hedging asset class as it is negatively correlated to other, more traditional assets. European investors are currently too concentrated on equities, property and bonds and more diversification is needed in this uncertain economic environment.” Gold Investments is currently targeting the IFA channel in the UK to spread knowledge and use of gold, along with other precious metals, among investors. The company is offering IFA clie...
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