Tavid kasutab küpsiseid, et tagada veebilehe piisav funktsionaalsus ning samuti selleks, et muuta meie veebilehe kasutamine lihtsamaks ja pakkuda isikupärastatud kasutajakogemust. Lugege täpsemalt meie küpsisepoliitika kohta siit.
Gold has now climbed nine years in a row against the US dollar. It appreciated 23.9% in 2009, which was a dazzling performance but only gold’s third best annual gain this past decade.
Gold also rose against seven other major world currencies, declining last year only against the Australian dollar. The following table presents the numbers for this decade.
Gold continues to excel as one of the world’s best performing asset classes this decade, and with its break above $1000 per ounce, gold is finally getting the attention it deserves. The increasing number of news reports and other media coverage is evidence that gold is in the second stage of its long-term bull market.
The third and final stage of this bull market is still in the future, so as well as gold has done this decade, it is not yet time to take profits. I expect that gold will rise much further. Consequently, it still makes sense to stay with the same strategy we have been pursuing all decade.
Continue to accumulate gold, month-in and month-out (or bi-monthly or every quarter if one of these alternatives better suits your budget) under a steady dollar-cost averaging program. View gold to be your savings. As I have said many times – but it is always worth repeating to understand the underlying logic of this gold accumulation plan – saving money is always a good thing, particularly when it is sound money, as is clear from the above table.
As I noted one year ago: “Some months and even some years you will be accumulating gold at a higher price, and at other times a lower price. But over the long-term your consistent accumulation of gold will be averaged in at a good price.”