23
September
Gold Can Keep Setting Records, Kleinwort Benson Tells Clients
23 September 2010 Business Week
Gold, up 27 percent in the past year, can advance to new records and investors should prepare to buy more, according to Kleinwort Benson, a manager of money for the wealthy. Andrew Thompson, head of advisory portfolio management at Kleinwort Benson in London, is telling his clients to stick with existing holdings of the metal and increase them once prices drop, he said in an interview. Thompson’s customers have a combined 400 million pounds ($622 million) of assets.
