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Gold Investment value rise threefold in past decade

Those Investing in Gold at the beginning of the decade will typically have enjoyed a threefold rise in the value of their Gold Bullion.

That is according to Standard & Poor's GSCI Enhanced Total Return Index, which indicated that a $100 Gold Investment made at the start of the new millennium would now be worth $380.

According to Bloomberg, the figures mean that gold has grown by more than average commodities, which rose by $357 over the same period, and stock, which has typically dwindled by $10.

Explaining the trend, Toby Nangle, director of asset allocation at Baring Investment Services in London, told the provider: "That's fear and greed at the same time.

"The fear of inflation is in the gold price. Commodities and oil show emerging markets emerging, and the rest is the developed markets submerging."

This retrospective of gold prices over the past decade follows on from forecasts made by Jim Rogers for the next ten years.

He suggested Gold Prices could reach $2,000 by 2020, telling Reuters that weaker money and inflation have historically brought "higher prices for real assets".

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