Gold Still Sparkles in 2012, Claims AAA
Boston, MA -- (SBWire) -- 01/16/2012 --An expert who is backing gold as a top alternative investment strategy for 2012 has attracted the support of Alternative Asset Analysis (AAA), according to the advocacy group.
AAA has said it is backing claims from former Kaana Konya and City adviser and broker, Tullett Brown, who claims that gold will continue to gain value over the coming year.
AAA’s Anthony Johnson said, “As we start a new year, many people will be looking to take a fresh perspective on their investments and may be looking to make some more alternative choices after the dire year the equities markets had.”
“Gold is a good bet as far as we can see, especially as leading analysts, such as Brown, can see it rising yet further in 2012 after a stellar year in 2011.”
The price of gold has dropped recently, after a long period of increased prices over a number of months, explained Tullett. However, this is not a time to be frightened off of investing in precious metals, he continued. Instead, investors should take advantage of this slight dip to buy up gold assets and hold onto them until the market improves later in the year.
Tullet and AAA’s argument is that all the factors that led to gold’s massive gains in 2011 are still active in 2012, such as the uncertainties over the equity markets and the Eurozone crisis. Mr Johnson explained, “People are still very wary about stocks and shares and are desperate for a tangible investment opportunity"
As a result of this demand, it is not just gold that has seen an increase in interest over recent months, Johnson added. Wine, stamps, art, antiques, forestry and property are all asset classes that gained popularity during the recession and continue that momentum today.
AAA is particularly keen to promote forestry investment as an alternative asset class that also offers an ethical choice.
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