New research carried out by Bloomberg and commented on by The South African Gold Coin Exchange shows that gold has been the top performing investment over the last decade. Their research looked at the value of $100 invested across a range of investment vehicles and gold came out tops with investors in gold tripling their money over the last ten years. Gold is expected to perform as well again over the next ten years. So what makes gold so good?
- Gold is tangible
- Prices are stable and rising
- Gold is easily liquidated
Gold is a real, tangible, thing. It is not an esoteric financial derivative, the cause of much of the world's current financial woes. The Bloomberg research shows that over the last ten years out of six different investment types, gold showed the best return. "Accordingly, canny long-term investors who have been steadily accumulating Kruger Rands are well satisfied with their strategies," says Alan Demby, executive chairman of The South African Gold Coin Exchange.
Gold is portable and easily converted to cash and is often used as a gift in the US. Alan Demby also said "A heightened benefit to the recipient of the donation is the Kruger Rand's ability to keep on giving. As the gold price appreciates, as it has been so convincingly doing in the past couple of years, so the value of the gift grows." after finding out that Americans were donating Kruger Rands to the Salvation army. Gold is a long term investment but the last decade paid off handsomely.