Though gold prices have tumbled recently due to the Eurozone crisis, top
performing commodity fund managers remain bullish on gold as there is a lack of
alternative havens for investors in a slowing global economy. They told Reuters
that the current weakness in gold is temporary and will end soon, along with the
slump in commodity prices. However, this may only be true for physical gold,
related products and futures as there is still a big gap between the performance
of these derivatives as compared to gold mining stocks, where miners are unable
to decouple from overall equity markets. Hear more about their views at Reuters
. Gold is a contentious commodity, with many investors and fund managers seeing
it less like a commodity and more like currency. Certain unique features
definitely differentiate gold from other commodities, such as it being held in
international central banks as an asset and that it is not as affected by supply
and demand dynamics as only a small part of golds yearly supply is consumed by
the luxury goods industry. Nonetheless, gold remains highly sought after
especially by Asian investors due to both cultural reasons and the belief that
gold is immune to inflation. Learn more about the 2012/2013 investment outlook
for precious metals such as gold, platinum and silver from a panel of
distinguished speakers such as Peregrine Cust, CIO, Prana Capital; Arno Pilz,
Head of Metals Trading, Duet Commodities Fund; Peter Schwendner, Partner,
Fortinbras Asset Management; Shayne McGuire, Head of Global Research and
Portfolio Manager, GBI Precious Metals Fund, Teachers Retirement System of
Texas; and Frank Holmes, CEO and CIO, US Global Investors at Commodities Week
Asia 2012 .
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