The world’s central banks have signalled that they see great value in storing gold and indicated that they’ll retain their stores in the midst of the current economic and financial turmoil.
According to a new report from Invesco, which carried out a research survey throughout August and September, the precious metal is seen as a high value diversifier by financial institutions and allowed risks and low interest rates to be offset; all reasons to add gold to your own portfolio now.
The report said, “The desire for diversification is expected to continue to propel interest in gold as well as other fiat-currency alternatives to the dollar and Treasuries, including China and the Eurozone. Eight respondents reported that gold’s contribution to the risk of a portfolio was very relevant for their central bank, a group that contained several very large holders and was responsible for $1.4 billion (£1.05 billion).
Buy now.