ArabianMoney.Net

First with Financial Comment from Arabia

Gold beats all other investments for this decade

leave a comment »

This chart from Bloomberg shows how gold beat all other major investment classes in the 2000s. Very few investment advisors got this call right, Dr. Marc Faber was perhaps the first and his 2002 investment classic ‘Tomorrow’s Gold’ said as much in the title.

Interestingly Dr. Faber does not think gold’s time is now up. In his last investment newsletter of the decade he argues that gold is actually cheaper in real terms than it was when he first recommended the yellow metal. Such are the global economic conditions set for 2010 that very much higher gold prices are just a matter of time.

Advertisements

Written by Peter Cooper

December 27, 2009 at 9:58 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: