For
all those who invested in gold in the past few months, their
investment is paying off as gold prices have started to rise once
more, says AAA.
Boston,
MA, USA, April 21, 2012 -- For all those who invested in gold in
the past few months, their investment is paying off as gold prices
have started to rise once more, says Alternative Asset Analysis
(AAA).
The
price of gold is rising off the back of increasing panic in the
Eurozone region. Gold is currently trading at around $1,700 per
ounce, down from its record high of $1,900 last year, However,
analysts, including Anthony Johnson of AAA, claim that gold prices
could reach record levels once more in the coming years.
The
view is echoed by analysts at Thomson Reuters who earlier this month
predicted that gold prices could rise to a record $2,000 per ounce by
early 2013 or even late 2012.
“All
those who are looking for alternative investment to add to their
portfolio should definitely consider precious metals, and
particularly gold,” said Johnson, an analysis partner at AAA. The
alternative investment advocacy group supports many kinds of
alternative asset classes and promotes their value in diversifying
portfolios for all kinds of investors.
Angelos
Damaskos, who oversees the junior gold Fund in London told the
website This Is Money: We believe this will continue to strengthen
and even peak above the highs of last year, perhaps reaching $2,000.”
AAA
says that investing in alternative asset classes, such as gold, art,
timber, antiques and real estate, helps to spread risk in a
portfolio. “Investors are increasingly looking to remove their cash
from stocks and shares and invest it somewhere that is less volatile
and not so tightly correlated with the general economic situation, “
explained Mr Johnson.
AAA
supports investment in timber through plantation scheme like the one
run by Greenwood
Management and other businesses in Brazil, Costa
Rica and Canada. “Timber is a less risky asset that continues to
physically grow all the time.”
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
