Gold investors make 120pc return in four months

[Jesus Jones]

By Richard Evans
Last Updated: 11:59AM GMT 26 Feb 2009

A gold investment that private investors can buy on the stock market has gained in value by more than 120pc in four months.

The Russell Global Gold fund, an "exchange traded fund" or ETF that tracks the performance of gold miners, has produced a total gain of 121pc since October 27 last year.

Meanwhile, a similar investment that tracks the gold price has risen by 33pc since November 21 and by 65pc since this time last year. The gold price broke through the psychologically important $1,000 an ounce level last week.

The Russell Global Gold fund, which tracks the performance of the world's largest gold miners, is the strongest performing equity ETF among those provided by ETF Securities.

"The fund continues to benefit from investors' positive view on the gold price and the leverage to the gold price gold equities provide," said ETF Securities. "Despite recent price increases, gold equities are still trading at a substantial discount to their historical levels relative to the gold price."

Gold investors make 120pc return in four months - Telegraph

[HermantheGerman]

By Richard Evans
Last Updated: 11:59AM GMT 26 Feb 2009

A gold investment that private investors can buy on the stock market has gained in value by more than 120pc in four months.

The Russell Global Gold fund, an "exchange traded fund" or ETF that tracks the performance of gold miners, has produced a total gain of 121pc since October 27 last year.

Meanwhile, a similar investment that tracks the gold price has risen by 33pc since November 21 and by 65pc since this time last year. The gold price broke through the psychologically important $1,000 an ounce level last week.

The Russell Global Gold fund, which tracks the performance of the world's largest gold miners, is the strongest performing equity ETF among those provided by ETF Securities.

"The fund continues to benefit from investors' positive view on the gold price and the leverage to the gold price gold equities provide," said ETF Securities. "Despite recent price increases, gold equities are still trading at a substantial discount to their historical levels relative to the gold price."

Gold investors make 120pc return in four months - Telegraph

Its maybe time to sell those baht chains. Can't wear them anyway right now. I would be mad as hell if I would lose them.
Tough choice !!

[Mid]

why didn't ya tell us 4 mths ago ffs

[Jesus Jones]

why didn't ya tell us 4 mths ago ffs

Well, i did mention it a few times in other threads a few months ago. A few other members did too. Forcecasters are expecting it to rise to possibly $2,000 an ounce.

[robuzo]

This ETF makes it easy to trade gold: GLD