Ideally, investors should aim to have 7 to 8 percent of their assets in gold, above the wealth management industry's average of 3 percent, Gary Dugan, Coutts' chief investment officer for Asia and Middle East, told Reuters.
"What's happening in precious metals is that they are becoming more mainstream," Dugan said, adding that ten years ago investors rarely held any gold in their portfolios.
"Some of the clients ask where gold prices are going, and I say don't even think about prices. It's a store of value." ...
"We are going back to normality, and the normality is that precious metals are the core part of your portfolio," he added. ...
Fifteen to 20 percent of its clients prefer to hold their gold in a vault they trust, rather than putting money in gold-related financial instruments, as they have little trust in the financial system, Dugan said.
"Some of the clients ask where gold prices are going, and I say don't even think about prices. It's a store of value." ...
"We are going back to normality, and the normality is that precious metals are the core part of your portfolio," he added. ...
Fifteen to 20 percent of its clients prefer to hold their gold in a vault they trust, rather than putting money in gold-related financial instruments, as they have little trust in the financial system, Dugan said.
"One client literally took delivery in a van, because he did not trust any bank to store his gold for him," he said.
More information can be found online at http://www.goldbullionadvisors.com
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