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Gold is one of the more mysterious assets in the financial markets. It's volatile at times to the point of inducing vertigo and fans of the precious metal assert, somewhat contradictorily, its prowess as a hedge against both inflation and deflation.

It's also been one of the best investments of the last several years, outlasting the equity bull market and performing well when so many assets have succumbed to big declines.

That's why it's become a key component among the strategies of the world's largest money managers even as it streaks to never before seen heights of roughly $1,250 an ounce hit last week.

The outlook for gold is very, very strong, Evy Hambro, co-chief investment officer of BlackRock's natural resources equity team, said in a recent telephone interview from London.

BlackRock's assets under management totaled $3.36 trillion, as of March 31.

Gold is certainly nowhere near as volatile as the moves we've seen in currencies, Hambro added. Look at the euro!
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Organic Seo |Christian Seo

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