Monday, February 28, 2011

Gold price loves a crisis - Telegraph

"Gold is likely to move to record highs if trouble continues," said Adrian Ash, head of research at Bullion Vault, which holds more than $1bn(£621m) of gold for clients. At $1,405, the price is already closing in on its all-time high of $1,423.75, hit on December 6 last year. Gold's incredible At $1,405, the price is already closing in on its all-time high of $1,423.75, hit on December 6 last year. "Gold is a form of crisis insurance, one that just keeps paying," Mr Ash said. "If you bought when Northern Rock started to crumble you would have doubled your money by now. It has kept paying out as crisis nsurance for the past four years." nsurance for the past four years." How to invest in g Indeed, the last big gold spike shares some similarities with the situation in which the world finds itself now."There are interesting historical comparisons with 1980 when tanks were going into Afghanistan and there was weak leadership in the US," said Mr Ash

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8350584/Gold-price-loves-a-crisis.html

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