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Gold Exchange CEO: Investors Should Allocate to Precious Metals

Friday, 19 Aug 2011 | 5:30 AM ET

"Worldwide stock markets over the last year have been moving opposite of gold. This suggests that to keep balance in your portfolio, you need to not to put everything in the same basket. Let's look at a possible allocation out of cash, stocks and bonds, and into precious metals," Michael Haynes, chief executive at American Precious Metals Exchange, told CNBC.