Gold is "incredibly volatile" and "lacks intrinsic value" according to Tilney's Ben Seager-Scott, who would "happily get rid" of his exposure to the yellow metal if the conditions were right.
However, the head of multi-asset, who oversees the firm's £7bn fund-of-funds range, said it is prudent to maintain exposure to the commodity given the world is "engaged in competitive currency devaluation" through swathes of quantitative easing, which has heavily distorted fixed income markets and narrowed the pool of diversifying assets to choose from. Gold: All I want is 2020 vision "The problem with gold is it seems to be all things to all people. To my mind, it lacks much in the way of intrinsic value," Seager-Scott explained. "Aside from a bit of industrial use and some jewell...
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