LONDON, 9 July 2009 - Exclusive research from gold-investing and dealing site BullionVault.com today appears in Investment International, the UK and offshore finance magazine launched more than 25 years ago and now read by 30,000 ex-pat investors worldwide.
"Gold's summer sale in 2009 now offers the steepest discount in gold prices since 1992," the magazine quotes BullionVault head of research Adrian Ash. "There?s no guarantee the typical rally will follow, of course. But from the all-time record peak of £700 an ounce hit in February, gold prices for UK investors have been cut by 18%."
Over the last four decades, the gold price in Sterling dipped in 20 out of 39 summers before rising in autumn and winter to end the year higher - the most common seasonal pattern.
Thirteen of these 'summer sales' came during long-term bull runs, such as the period enjoyed by UK gold buyers during the 1970s period of inflation, and again during this decade.
You can read the full article at Investment International online...
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