Thursday, July 14, 2011

All that glitters, is Gold……and silver

All that glitters is gold……and silver

Category: Investment
Date: 13/07/2011

Precious metals continue to brightest among investors over the first half 2011 shine.

Against the backdrop of an uncertain global economy gold and silver proved the most powerful asset class in the first six months of the year.

Precious metals are in the period, 4.9% back, although silver the largest increase in viewing figures from Lloyds TSB has seen.

Silver surpasses other precious metals significantly compared to the first half 2011with prices by 14% rise; double the increase in the price of gold (6.6%) more than.

On the other hand the value of Platinum there was a 1.9% decline.

In addition to his position as a safe haven investment contributed strong demand for industrial purposes to the strong rise in the price of silver.

"Precious metals remain the best returns for investors against the background of the continuing concern about the Outlook for the global economy and concerns about the eurozone sovereign debt risk and high inflation," said Suren Thiru, Economist at Lloyds TSB.

Precious metals an investor may show your best friend, numbers as, that they have returned 36% over the last year in value and a massive 416% over the last decade.

"Precious metals benefited uncertainty from lower interest rates in recent years as its position as a hedge against inflation and the financial market."

Commercial real estate, the second highest return (3.7%) was also from a low base, followed by international shares (3.2%).

However, the average back was much weaker than the income from nine asset classes through the first half of the year by 2.3% enjoyed during the same period in the year 2010 (13%).

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Source: moneyfacts.co.uk

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