Cazenove: Investors 'insane' if they don't own gold

Not owning gold during the current financial turmoil is "a form of insanity", according to Cazenove's Robin Griffiths.

Griffiths, a technical strategist at Cazenove Capital, told CNBC the dollar was heading for "oblivion", and investors should regard any short-term falls in the gold price as a buying opportunity. "I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies, which might need medical attention," the Telegraph reports. Griffiths, who predicted gold's 10-year bull run would continue and even intensify, said gold was still not an "over-owned trade". "Although it has been a top performer for each of the last 10 years, it's still in a linear trend,...