Gold has achieved a staggering 3,500% return since 1970, a new report has found
By Kyle Caldwell
The Telegraph, London
Wednesday, November 13, 2013
If you were an early investor in gold and have stuck by the precious metal for the past 43 years you will have made a small fortune.
A new report, released today by the Centre for Economics & Business Research and CoinInvestDirect, an online precious metals dealer, has found that the gold price has soared by some 3,500 percent since 1970. This means an investor who spent L27,800 on gold and retained his investment ever since will today be a millionaire.
An investor with more modest sums would still be sitting on incredible gains. For instance, an investment of L10,000 would be worth L360,000 today.
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