LONDON, 15 September 2012 - To mark the fifth anniversary of the UK's Northern Rock banking crisis, The Daily Telegraph's award-winning personal finance editor Ian Cowie today quotes research and comment from BullionVault, the world-leading gold and silver provider for private investors online.
"Savers, investors, shoppers and homeowners have experienced widely-varying fortunes since the global credit crisis hit Britain five years ago tomorrow with a run on Northern Rock," writes Cowie on the back-page of this weekend's Money section.
"Adrian Ash of BullionVault.com is entitled to sound slightly smug."
Precious metal prices have soared, notes The Daily Telegraph, with silver rising by 233% since September 2007, and gold rising 220%. Interest rates on cash ISAs have collapsed, in contrast, whilst the FTSE100 index of UK-listed shares is also lower.
"Bear in mind," writes Ian Cowie, "you would have needed total returns of 17% since September 2007, just to preserve the real value or purchasing power of money against the insidious effects of inflation."
You can read Adrian's comments on the 5th anniversary of Northern Rock in full at Telegraph.co.uk...
Gold bullion - Buy online at live gold prices.
