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11 June 2009 - Tara Loader Wilkinson

Julius Baer Asset Management backs gold

Julius Baer Asset Management believes the price of gold will continue to rise.

Stephan Müller, the manager of Julius Baer's Physical Gold Fund, said: "Since the beginning of the century, gold has provided a safe haven for private investors seeking protection in real terms from turbulent financial markets."

He added: "The gold price is an indication of inflation expectations going forward and with the current level of inflation below the long-term average, the price is likely to go up."

Julius Baer's Physical Gold Fund, listed on the Swiss stock exchange, was launched in October 2008 and has so far posted around a 36% gain.

Tags: Julius Baer

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