Thursday, November 14, 2013

"Gold has achieved a staggering 3,500% return since 1970" - Wealth Managers


London's Telegraph reports on the stunning findings of new report

London's Telegraph newspaper has just reported on an exciting joint study by the Centre for Economics & Business Research and CoinInvestDirect that finds that "the gold price has soared by some 3,500% since 1970."

"This means an investor who spent 27,800 British pounds on gold and retained their investment ever since will today be a millionaire," it noted. "An investor with more modest sums would still be sitting on incredible gains. For instance, an investment of 10,000 pounds would be worth 360,000 pounds today."

And gold's gains since the start of the financial crisis are nothing to sneeze at either. Between 2006 to 2011," when the price peaked in U.S. dollars at around $1,920 an ounce, "gold climbed by 76% in value, as the metal is treated as a safe haven in times of uncertainty."

"The emergence of Asia, Latin America, and the Middle East into the global economy has played a significant role in this dramatic price growth," the report said. "Economic development has led to higher incomes, raising the levels of private consumption as well as private savings in emerging economies, where less-well developed financial sectors make gold an attractive store of wealth in these countries."


More information can be found online at http://www.goldbullionadvisors.com

No comments:

Post a Comment