Juan Carlos Artigas, Head of Investment Research at the World Gold Council, says the current market environment actually makes a strong case for gold.
The dollar has rallied this week and that was bad news for gold. While the US Dollar Index is up 2%, the yellow metal is down 3%. But, while the metal is down nearly 22% year-to-date, the leading gold advocacy organization says investors shouldn't give up hope on it just yet.
Juan Carlos Artigas, Head of Investment Research at the World Gold Council, says gold is a necessary part of a diversified portfolio. In fact, he believes the average portfolio doesn't have enough gold in it.
"Even though many investors think about gold as a commodity, I think that gold behaves far more as a currency," says Artigas. "It has a dual nature to it, part of it is consumption and part of it is investment. The best way to describe gold in a portfolio is that of a very consistent diversifier thatRead More »from Why you shouldn’t wave the white flag on gold just yet: World Gold Council