Gold favoured by rich as inflation hedge

More wealthy people are buying gold to protect their wealth from the risk of rising inflation after central banks boosted stimulus, according to Deutsche Bank's asset and wealth-management unit.

"Gold has historically been considered to be a store of value and an inflation hedge and increasingly it is being utilised as a monetary instrument," Mark Smallwood, head of Asia-Pacific wealth-management, said. "There is a growing interest among our clients to gain exposure."

via Business feed http://www.scmp.com/business/commodities/article/1045255/gold-favoured-rich-inflation-hedge