F&C's Scott: Hang on to your gold

Gold will remain the best real asset play for investors if central banks continue to print money and risk debasing their currencies, said Ted Scott, director of global strategy at F&C.

Investors have flocked to the safe haven commodity amid weak economic growth prospects, leading to fears it could be due a correction. However, Scott sees more upside in the asset class as governments continue stimulus measures, while other asset classes, such as currency, are set to weaken. "The rise in the gold price has been driven by a confluence of weak economic growth, massive monetary expansion (that the ECB has recently added to) and fears of a breakdown in the global financial system," said Scott. "With the debt crisis becoming so difficult to resolve and central banks threat...