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AAA advises investment in gold as prices reach record highs


Anthony Johnson, an analyst partner with alternative investment advocacy group, Alternative Asset Analysis (AAA), says that now is the time to buy gold as prices have reached new record levels this week.

"The price of the precious metal rose to a new record of USD1,457 dollars an ounce yesterday, which is an impressive USD16 improvement on the previous high set on March 24," explains Johnson, who has many years of fund management experience in the alternative assets market.

Johnson’s remarks have supported earlier statements from the World Gold Council’s Managing Director, Marcus Grubb, who explained, "Gold hit a new all-time high today as investors once again turned to assets with strong wealth preserving and diversification characteristics and relatively low volatility."

Several factors are currently making gold an attractive prospect for investors looking to diversify their portfolios and reduce risk. AAA claims that recent fears over the sovereign wealth of many European countries has sparked fresh concerns about the likelihood of a global recovery from the recession that has been hanging over our heads for several years now.

Another major factor that drives up gold prices is the price of oil, which gold prices tend to echo, explains Johnson. "The political uncertainty in oil-producing nations in the Middle East and Africa has prompted concern over production, leading to a rise in oil and gold prices."

He adds that the radiation concerns at Japan’s Fukushima nuclear plant following the devastating earthquake and tsunami last month have also driven up oil prices. Johnson says: "Fears are widespread that the problems at Fukushima could lead many countries to completely review their approach to nuclear energy. As a result, the world’s oil supply seems more precious than ever and prices are soaring."

AAA stated that alternative assets are always popular during times of geopolitical crisis, but that alternative investment funds run by success stories like Greenwood Management, specialising in Brazilian timber plantation investments, and Insight Group Plc, offering investments in green energy, prove that it’s always beneficial to diversify a portfolio, as they often outperform equities over a long period of time and are less affected by market fluctuations. Both the above funds also offer an ethical approach to investment.

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