#XSuperApp "Hold on to your gold!", exclaims BlackRock analyst Russ Koesterich

Russ Koesterich maintains a perspective for the precious metal in the medium and long term, as the global debt crisis worsens

Gold, the precious metal that has served as a monetary anchor for humans for 5 millennia, has had a remarkable performance this year. Increasing by 25% in its price per ounce, the returns it has generated have been far superior to those of other traditional assets, such as stocks.

For Russ Koesterich, certified financial analyst, doctor of law, and general director and portfolio manager of BlackRock's Global Allocation Fund, it is time to hold on to the precious metal as a long-term store of value.