Gold Madness
June 13, 2008 · Filed Under Retail News · Comments Off
The value of gold has been going through the roof. Its price has quadrupled since 1999, and in March this year it reached $1,000 an ounce for the first time.
With uncertainty in the markets and turmoil in the banks, more and more people are turning to gold.
“Since the financial crisis erupted last August, there’s been a flood of investment into gold, really because of its safe haven properties,” says Jill Leyland, economic advisor to the World Gold Council.
“Gold is no one’s liability and that means it is the ultimate defence against unforeseen contingencies.”