Bloomberg News

Gold’s Appeal as Investment Asset Increasing, Toussaint Says

October 26, 2011

Oct. 26 (Bloomberg) -- Investor interest in gold has been rising in the past few years as the precious metal gets re- established as an asset, according to Jason Toussaint, the managing director, U.S. and investment, at the producer-funded World Gold Council.

“The wealth advisers are recommending that people allocate 5 percent of the portfolio to gold,” Toussaint said today at a conference in New York.

Supply and demand fundamentals are supportive of higher prices, he said.

--Editors: Steve Stroth, Daniel Enoch

To contact the reporter on this story: Debarati Roy in New York at droy5@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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