AAA Advises Investment in Gold as Prices Reach Record Highs

As political turmoil in the Middle East and Africa continues to affect macroecon
omic performance, AAA recommends that investors look towards commodity safe have
ns â in particular, gold.
Boston, MA, April 08, 2011 -- Anthony Johnson, an analyst partner with alternati
ve investment advocacy group, Alternative Asset Analysis (AAA), says that now is
the time to buy gold as prices have reached new record levels this week.
"The price of the precious metal rose to a new record of $1,457 dollars an ounce
yesterday, which is an impressive $16 improvement on the previous high set on M
arch 24," explained Johnson, who has many years of fund management experience in
the alternative assets market.
Johnson's remarks have supported earlier statements from the World Gold Council'
s Managing Director, Marcus Grubb, who explained, "Gold hit a new all-time high
today as investors once again turned to assets with strong wealth preserving and
diversification characteristics and relatively low volatility."
Several factors are currently making gold an attractive prospect for investors l
ooking to diversify their portfolios and reduce risk. AAA claims that recent fea
rs over the sovereign wealth of many European countries has sparked fresh concer
ns about the likelihood of a global recovery from the recession that has been ha
nging over our heads for several years now.
Another major factor that drives up gold prices is the price of oil, which gold
prices tend to echo, explained Johnson. "The political uncertainty in oil-produc
ing nations in the Middle East and Africa has prompted concern over production,
leading to a rise in oil and gold prices."
He added that the radiation concerns at Japan's Fukushima nuclear plant followin
g the devastating earthquake and tsunami last month have also driven up oil pric
es. Johnson said "Fears are widespread that the problems at Fukushima could lead
many countries to completely review their approach to nuclear energy. As a resu
lt, the world's oil supply seems more precious than ever and prices are soaring.
"
AAA stated that alternative assets are always popular during times of geopolitic
al crisis, but that alternative investment funds run by success stories like Gre
enwood Management, specializing in Brazilian timber plantation investments, and
Insight Group Plc, offering investments in green energy, prove that itâ s always bene
ficial to diversify a portfolio, as they often outperform equities over a long p
eriod of time and are less affected by market fluctuations. Both the above funds
also offer an ethical approach to investment.
Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-898-6317
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com