WGC: Gold Ownership Among North American Professional Investors Soared

SEATTLE (Scrap Monster): According to most recent research carried out by the World Gold Council (WGC), there exists a trend of rising gold ownership among North American professional investor community.

According to Louise Street, Senior Markets Analyst at the WGC, the survey was carried out among a total of 525 North American professional investors, comprising of large institutions, consultants as well as financial advisors. As per the findings of the survey almost 85% reported allocation to some or other forms of gold investment. This is significantly higher upon comparison with 69% in 2018 and 76% in 2019.

The data indicates that only less than a quarter of respondents held less than 1% of their total assets under management (AUM) in gold allocations. More than 50% held at least 1% of the AUM in gold. Meantime, a staggering 24% were found to have gold allocations of 3% or more.

The WGC noted that gold’s track record in portfolio diversification coupled with its proven role as a hedge against inflation have encouraged investors to invest in or increase allocations in gold. A good majority of investors were seen holding gold as a means of portfolio protection, the survey said.

Incidentally, gold has outperformed most other global assets over the recent months.

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