Sunday, 21 Oct 2012 12:23 PM/marketwatch.com

By Dan Weil/excerpts

Billionaire Canadian investor Frank Giustra, who has been bullish on gold for at least 10 years, is sticking to his guns.

Gold’s appeal lies in the fact that it’s a tangible asset, Giustra says

"It is moveable. It is easily transferable across borders in times of crisis. It's a currency. It's liquid. It's easily tradable. I'm a fan of all hard assets, but particularly gold. It's the largest part of my portfolio, and it will continue to be until this cycle is over."

Frank joins the ranks of other billionaire gold holders like Carlos Slim