
Investments
Pathfinder: Gold’s glitter – going, going, gone, or has it?
Tuesday 2nd of July 2013
Gold surged from US$255 in April 2001 to a high of US$1,913 in September 2011 (that’s over 20% p.a. compounded for a decade!). It has since lost its shine and retreated about 35%. The market sell-off included a monumental 13% free fall over 2 days in April – you have to go back 30 years to see this rate of wealth destruction in gold markets. This article is an overview of gold inves...
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