Gold will recover in 2012, says Smith & Williamson's Markova - Citywire

Gold had a historic run this year, with prices peaking above $1,900 in September before sliding below $1,600. As volatility continues to wreak havoc on world markets, fund manager Ani Markova says it looks set to retain its safe-haven status.
Markova, who co-manages the Smith & Williamson Global Gold & Resources fund with Bob Lyon, says gold will continue to grow in value as it’s the only asset governments cannot print. She also thinks undervalued shares in gold miners will rally.
Markova's fund has returned 262% over the past three years to outperform the FTSE gold mines benchmark, which returned 159%, and all other funds in its class.
The fund invests in gold bullion, equities and other precious metals, along with diamonds and rare earth metals.