Precious metal attractive as a tool for medium-term portfolio diversification
Substantially higher bullion prices are inevitable, Barisheff says
The price of gold has hit its highest level in two decades; some see it reaching US$1,000 within three years
Price of precious metals points to fears of rising inflation and non-confidence in both currencies and the economy in general
Gold to be stored at the Royal Canadian Mint
Weak greenback curbs U.S. demand
Index to include international issuers
But strong start to the physical metals season tempered the pace of the price decline in these metals
Designed to offer investors broad exposure to the world’s gold markets
Buyers in India, China and the Middle East forced to the sidelines