How has bullion performed since it bottomed?
As gold hits A$1,500 as this is written its worth looking at just how those who bought in late June after the last price plunged have fared. If they bought gold they would have made 15.5%. If they’d bought silver they’d be enjoying a 26.9% return on their investment. But owning gold and silver bullion is not just about 7 week capital gains. Its about having a part of your wealth portfolio in real money whilst paper currency continues to be printed at record rates and Governments accumulate unsustainable debt; a hard asset whilst that very same easy money artificially props up sharemarkets and the paper claims to them. This is way beyond a 7 week windfall.