Sept 30, 2010
Investors will continue to see strong demand for gold and exchange-traded funds (ETFs) are the best way for regular investors to benefit from the commodity’s rise, said Robert Kapito, president of BlackRock.
“Since 2001, gold has returned about 17 percent a year, so it’s a very good long-term investment,” Kapito said in an interview on CNBC. “Clients are looking to get exposure into something that they feel comfortable with, and gold is proven to be a good investment.”
This article was posted: Thursday, September 30, 2010 at 3:28 am