The herd is selling gold – so should you be buying, asks Richard Dyson.
Five or six years ago, few private investors were very concerned about the
price of gold. Then came the financial crisis. When major banks were
failing, a sense of apocalypse focused investors' minds on the value of
physical assets as never before.
But other factors were at work. The evolution of new investment vehicles and
trading platforms suddenly made it easy for private investors to buy small
parcels of real gold. With "physical gold" exchange-traded funds,
for instance, investors buy shares quoted on the London Stock Exchange,
where each share is backed by solid gold stored in a Docklands bank vault.
You could buy and sell gold as easily as you could blue-chip shares.
Read more on@telegraph.co.uk
Read more on@telegraph.co.uk
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