English
Răzvan Rusu, the investment director of Certinvest, considers that the price of gold will not go above 1,900 dollars/ounce. In his opinion, the gold market is in a bubble, as investors have run away from the financial markets, which means the current price of gold is higher than its fair value. In his opinion, investments in physical gold are driven more by panic than by the desire to save, considering that these acquisitions involve certain costs. Gold has traditionally been an instrument for hedging against inflation and will continue to serve that purpose, as its price has increased high above inflation, said Răzvan Rusu.
The precious metal serves a function of portfolio stabilization, he went on to say, but he advised investors with an appetite for risk and a medium term investment horizon to invest in gold, but no more than 15% of their portfolios.
Euro
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Liră sterlină
Gram de aur
