Investors remain cautious under the current economic landscape of negative interest rates, uncertainty in Europe and potential tightening in the U.S. And, according to one American living in Switzerland, investors can still find reprieve in gold. “Physical gold primarily is a cornerstone of every portfolio that we have,” said Thomas Merrick, managing partner of Swiss-based Swiss Infinity Global Investments. Also a speaker at the Total Wealth Symposium, Merrick said he always advises his clients to hold a percentage of their portfolio in the yellow metal, and right now, that allocation is about 15-20%. “It’s a long-term play.” He added that he was expecting gold to end the year at around $1,400 an ounce but thinks it might take a little longer. “By next year, we can certainly see that level.”
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