Gold is relevant asset for all investors: World Gold Council

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Mumbai, Oct 21 (UNI) Gold's investment characteristics make it a relevant asset for all investors, whether private individuals or institutions, Mr Marcus Grubb, Managing Director (Investment Research and Marketing), World Gold Council said today.

In a lecture here, Mr Grubb said physical gold is a favourite of the masses in India. The HNI portfolio currently consists of private equity and real estate funds as these asset classes have had a good return on investment, which is no longer true in the current scenario.

In a constructive move to maximize the opportunities available for gold investment, World Gold Council and FPSB India held a round table meeting with important industry members and financial planners to draft a strategic plan for the future of gold investment.

Mr Grubb said gold is an irreplaceable part of Indian culture and unique monetary asset. In the light of the current financial crisis, the problem of credit over leveraging the derivatives has affected people's portfolio. ''Gold's real value is not that it provided a quick speculative fix, but that it offered a sure and steady means of protecting wealth. Gold is an attractive investment that should form an important part of ones investment portfolio,'' he added.

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