Post by Fletchsmile on Aug 9, 2015 16:55:05 GMT 7
Good article on gold and the basics behind it. Looks a tough time for fans of gold. ETF levels back to 2008 levels.
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Gold: what next?
Adam Laird | 5 August 2015 | A A A
Gold: what next?
Gold has been going through a rough patch, to say the least.
At the end of July, the gold price fell below $1,100 per fine troy ounce. The metal was last at this price in January 2010 and had been as high as $1,900. Many investors had profited from the rise in the price of gold and other commodities after the Global Financial Crisis of 2008, but those who remained invested have seen their investment fall dramatically. UK investors have seen the sterling value of their gold drop 40% since the 2011 high, and more than 7% this week alone. Remember past performance should not be seen as a guide to future returns.
To understand what might be happening, we first need to ask – why invest in gold?
contd...
www.hl.co.uk/news/articles/gold-what-next
=======================================================
Gold: what next?
Adam Laird | 5 August 2015 | A A A
Gold: what next?
Gold has been going through a rough patch, to say the least.
At the end of July, the gold price fell below $1,100 per fine troy ounce. The metal was last at this price in January 2010 and had been as high as $1,900. Many investors had profited from the rise in the price of gold and other commodities after the Global Financial Crisis of 2008, but those who remained invested have seen their investment fall dramatically. UK investors have seen the sterling value of their gold drop 40% since the 2011 high, and more than 7% this week alone. Remember past performance should not be seen as a guide to future returns.
To understand what might be happening, we first need to ask – why invest in gold?
contd...
www.hl.co.uk/news/articles/gold-what-next
