You are here

Crazy rich Asians advised to increase gold holdings amid market turmoil

Section: Daily Dispatches

Asia’s Super-Rich Advised to Add More Gold to Their Portfolios to Protect Assets Amid Storms Pounding Equity Markets

By Louise Moon
South China Morning Post, Hong Kong
Wednesday, September 5, 2018

Advisers to Asia's super-rich think their clients should put more of their money into gold, taking advantage of price declines to buy the yellow metal amid volatile global markets and U.S.-China trade tensions, a new report says.

A survey of these advisers found a preference for gold holdings amounting to 5 to 10 percent of total assets. That is up from an earlier recommendation of 3 to 5 percent, according the report, "Going for Gold," which was released today by U.S. financial services firm INTL FCStone.

... Dispatch continues below ...



ADVERTISEMENT

Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/



Most advisers in the survey -- 62 percent -- said their clients should or maybe should increase their weighting in gold, versus 38 percent who said they should not. The survey was of 174 private banks, family offices, wealth management advisers, and other market experts in Asia.

"Not only does Asia, and especially Singapore, offer a remarkably complete and professional gold market infrastructure, but the current global economic, financial, and geopolitical factors could be considered as highly supportive of the rationale to hold and grow the portions of gold in any [high net worth] portfolio," said Martin Huxley, head of precious metals Asia at INTL FCStone. ...

... For the remainder of the report:

https://www.scmp.com/business/commodities/article/2162861/asias-super-ri...

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16