http://www.brisbanetimes.com.au/money/investing/returns-of-the-decade-20130205-2dvgm.html Apparently gold doesn't even rate a mention. MSM - effing joke!
haha. Yeah when you're paying ~$300 for gold and selling for ~$1600 ... makes the 9.1% offered by Australian Shares look a bit silly.
What a bull$hit article designed to mis-inform people about the reality of the share market disaster. Pull my middle leg. So the share market has out performed the property market has it So please explain the ASX peaked at 6829 on the in November 2007. Yesterdays close it stood at 4882.7 after a 20% increase late last year. Which is down -28.5% from the all time high. Factor in inflation and what a little ripper...not The property mean in Melbourne in 2007 was $472,000. In the December quarter 2012 it stood at $540,000 an increase of 14.4% factor in inflation and property is just treading water in Australia where the world depression has had the least pain. The most recent quarter property values in Melbourne increased .7% Kind Regards non recourse
well..someone paid big $$ for gold shirt just to impress. http://www.dailymail.co.uk/news/art...-spends-14-000-shirt-GOLD-impress-ladies.html
http://www.smh.com.au/money/investing/shine-comes-off-golds-prospects-20130205-2dvgn.html After yesterday's article comes this one today. I thought it was going to totally slag off gold due to its headline but it doesn't quite kill off gold. Still, it doesn't exactly put gold in a good light either. Another very weak article from the fairfax press.
I'd say it is a contrarian indicator. We're nearing the top for shares. Just remember, when they are coming out with stories like this about Gold what it probably means for Gold.
http://www.theage.com.au/money/investing/returns-of-the-decade-20130205-2dvgm.html Fascinating interactive at The Age website showing investment returns by asset classes. Visit link for the graphic.
