George Soros and John Paulson are among the investors buying gold in anticipation of an uptick in price driven by more QE in developed economies this year.
Investors are not yet ready to deploy stockpiled cash into equity markets despite the recent rally, said Investec's Max King, as they are "afraid of the bogeyman" or unexpected shock.
Many investors in the current climate would baulk at the words of Laurence Fink, chief executive officer and co-founder of BlackRock, who said investors should have 100% of their investments in equities at the moment.
Investec manager Max King presents an A-Z of the major themes that have shaped the investment world throughout 2011.
Managers running UK-focused portfolios have turned to international stocks for returns as the UK's recovery continues to disappoint.
Investec's Max King says investors have become too fixated on income generation at the expense of capital growth.
Max King, strategist and portfolio manager at Investec Asset Management, looks back over some of the developments of the past year and notes some key areas to watch in 2010.