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
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