Gold prices set to rise, expert says

Private banking customers looking at alternative investments may be interested to hear the opinion of one expert, who believes the biggest risk today is "not owning gold".

Chief executive officer and president of Bullion Management Group Nick Barisheff said even after rising for ten years, the price of gold still has some catching up to do compared with the currency-based financial markets, Commodity Online reports.

Mr Barisheff added the rising rate of inflation is likely to make that process quicker, making now a great time to invest in the precious metal.

However, he lambasted the US government's current economic policies, labeling them "economic insanity".

The analyst described the recent quantitative easing by the Federal Reserve as "sheer madness", adding: "There's a complete disregard for financial discipline and millions of investors are going to suffer the consequences".

Earlier this month, Commodity Online revealed investment in gold exchange traded funds is set to rocket in the next 12 months because of new funds in India and China.
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