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AAA Claims Gold Prices Could Rise to Record Levels

For all those who invested in gold in the past few months, their investment is paying off as gold prices have started to rise once more, says AAA.

 

Boston, MA -- (ReleaseWire) -- 04/26/2012 -- For all those who invested in gold in the past few months, their investment is paying off as gold prices have started to rise once more, says Alternative Asset Analysis (AAA).

The price of gold is rising off the back of increasing panic in the Eurozone region. Gold is currently trading at around $1,700 per ounce, down from its record high of $1,900 last year, However, analysts, including Anthony Johnson of AAA, claim that gold prices could reach record levels once more in the coming years.

The view is echoed by analysts at Thomson Reuters who earlier this month predicted that gold prices could rise to a record $2,000 per ounce by early 2013 or even late 2012.

“All those who are looking for alternative investment to add to their portfolio should definitely consider precious metals, and particularly gold,” said Johnson, an analysis partner at AAA. The alternative investment advocacy group supports many kinds of alternative asset classes and promotes their value in diversifying portfolios for all kinds of investors.

Angelos Damaskos, who oversees the junior gold Fund in London told the website This Is Money: We believe this will continue to strengthen and even peak above the highs of last year, perhaps reaching $2,000.”

AAA says that investing in alternative asset classes, such as gold, art, timber, antiques and real estate, helps to spread risk in a portfolio. “Investors are increasingly looking to remove their cash from stocks and shares and invest it somewhere that is less volatile and not so tightly correlated with the general economic situation, “ explained Mr Johnson.

AAA supports investment in timber through plantation scheme like the one run by Greenwood Management and other businesses in Brazil, Costa Rica and Canada. “Timber is a less risky asset that continues to physically grow all the time.”

About Alternative Asset Analysis
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.

Media Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com