Gold News

Gold Bullion is best investment of last 10 years

Gold Bullion has been the best-performing investment in the ten years since 2000, it has been revealed.

Research from Halifax indicates that there was a 277 percent rise in the price of the commodity during the decade, making it a hugely valuable investment to buyers.

Its vast increase was, in part, due to its attractiveness as a safe haven.

Suren Thiru, an economist at Halifax, said that an upturn in demand from the east was also a big factor.

Thiru said: "Precious metals were the top performing asset during the noughties, largely reflecting increased demand from China and India for industrial uses and jewelry."

Meanwhile, Marc Faber, the reputed commodities analyst, said that Gold Investment should be something all people should consider, such is the financier's faith in the precious metal.

He told CNBC: "I think everybody should accumulate some gold over time. I would recommend people to buy some gold every month, forever."

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Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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