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look to gold, fearingLONDON: Baring Asset Management's Christopher Mahon has one major conviction about 2017: It will be the year that central-bank bashing by politicians becomes the new normal, so he's seeking shelter in gold.Mahon is betting that gold will rise if political intervention causes central banks to miss inflation and growth targets. In the past few months he's built up a 4 percent allocation to bullion in his 1.7 billion pound ($2.1 billion) fund, which outperformed 80 percent of peers last year. For those who lose faith in central banks, gold may be the last holdout.Baring's Mahon, who bought his exposure through ETFs, says that while 2017 is a watershed, his conviction on the politicization of central banks is one that will play out over several years, making gold a safe bet for the long term.
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