Someone I know told me yesterday how one of her colleague laugh at her when she told her that gold price has risen around 30 percent a year. Now from my understanding this is a misinformation and strangely many people is still not aware of profit potential from gold, or silver, or palladium for that matter. Ladies and gentlemen, for the last 10 years, gold has not risen 30 percent every year. In fact, gold has risen around 400 percent in the last ten years or 40 percent per year! Wow. Is this real? If you look at the chart below, you can see the price of gold ten years ago at around USD280 and the latest price today hovering at almost USD1,400.
Not only that, lately, it's been super rise for gold, up 55 percent since April 2009, and in recent weeks, it rose as high as 17 percent a week! I'm not sure if ASB, property, stocks, mutual trust or bond can give you that much.
So, you see, to those people who laugh when we suggest to them to invest in gold, especially in times of economic uncertainty, well, let them be. Time will tell, and I'm quite sure, after the stock, property, bond and monetary market bubble burst, gold and silver will be the only asset that is still standing.
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