Thursday 17, May 2012 by Mark McFarland
Gold as a risk asset
Greece fails to form a government space and takes another step towards euro-exit; emerging markets’ equities trading down in a classic risk-off fashion; we still like Russia and Chinese H-shares based on liquidity and valuation; India’s policy machine is undermining the Sensex and INR; gold’s behavior since Q3 last year resembles a risk asset – regardless of price, gold should form part of long-term portfolio plans.
