Gold is generally considered as an asset to hold against inflation. During periods of market volatility investors tend to flock to the yellow metal. Today gold for August delivery closed at $1,356 an ounce. Over the course of many decades gold has seem dramatic rises and falls. The following chart shows the price of gold …
Gold prices have declined greatly in the past few years. From a peak of over $1,800 a few years ago it has now fallen to about $1,115 this past Friday. Click to enlarge Source: Kitco The current bear market is in- line with past bear markets. The following table the shows the duration of the past …
Gold prices have declined consistently in the past few years while stocks have soared. At the height of the global financial crisis, experts predicted gold could reach $2,000 easy and even go higher and higher forever. It did not turn out that way. When stocks collapsed investors poured money into gold especially the highly popular SPDR Gold …
Continue reading ‘Historical Chart of Cash Invested in SPDR Gold ETF’ »
Gold is an important asset class to own by most investors. It does not produce a steady stream of regular income such as dividends and the only gain one can expect is due to price appreciation. So it is a great asset for investors seeking income. However gold has its advantages. For example, during times …
Gold is traditionally considered as a safe heaven asset and a hedge against inflation. Investors piled into Gold during times of economic uncertainty such as the period after the recent global financial crisis. In addition, gold is one of the preferred asset class for investors who lack faith in the current fiat currency system which …