Asset Allocator's Soapbox: David Coombs

Gold continues to cause controversy. It has always mesmerised; it has always provoked debate about its credibility as a real asset, and no more so than now. In recent weeks, its credentials have been placed under sharp scrutiny as the market focuses on the global implications of quantitative easing and the potential for further uncertainty. Notwithstanding the fact that gold has had a strong run and may be due a short-term technical correction, strategically we maintain our combined weighting of 7% across the multi-asset portfolios. We will look to buy on technical corrections over the m...