14 Apr 2014
Gold is Down-But Not Out!
There’s no other way to say it: it was a tough year for gold prices on international markets in 2013. Gold futures prices lost 28% in 2013, the first yearly loss since 2000 and the largest annual loss for gold futures since at least 1984, according to FactSet data tracking the most active contracts.
Historically Strong Gold Trends
But here’s the silver-or should I say, gold?-lining to this dark cloud of bad economic news: historically speaking, gold is as solid of an investment as there can be. This is why, despite any gloomy short term forecasts, it retains its allure for miners and investors alike. Many investors around the world still see gold as “the ultimate asset” – an important and secure part of their investment portfolio. Gold has kept up with inflation during the past 200 years, a track record that is far more significant than any six to twelve month forecast.