Did you know that if you bought a 1oz PAMP Suisse gold bar prices bar in 2008 it would have cost you around $800. You could have sold that bar this May for $1200. That is a gross return of 50% or roughly 25% a year which is absolutely fantastic by any standards. Given the downturn that the stock markets and many other traditional investments have experienced since the Credit Crunch, it is all the more astounding. After all, arent we meant to be in a downturn?
Well sure, we are in an economic downturn, but what many of us tend to forget is that one market’s loss generally leads to another markets gain. For example, CD sales are down…but DVD sales are up. In the same way, the liquidity crisis of the past few years has hurt confidence in economies and currency but the number one beneficiary from these scenarios has been good old gold bullion. In times of economic uncertainty people have been flocking right back to it.
From hitting a low of $250 in 2001, gold has just hit a high of $1260 in June 2010. For various economic reasons, and to cut a long story short, gold has entered what economists like to refer to as a ‘cyclical bull run. In other words, prices are expected to rise for a good many years yet. 5 years ago people scoffed at the idea of $1000 gold. That is now the base and $2000 is the next medium-term target. Buying gold bullion is easy nowadays and will allow you to profit from coming price rises. This bull market is just starting to limber up.
Ive been sharing these facts with people for years, but only now are they cottoning on. Yes, you’ve missed the boat at the harbour but when the gold price dips the boat is back in port and you better jump on board!
One of the best steps you can take is to buy PAMP Suisse gold bars. They are recognised worldwide and are extremely easy to buy and sell. Recognised by the National Bank of Switzerland, these gold bullion bars are also one of the cheapest ways to buy gold bullion as they command a low premium.