Thursday, July 8, 2010

Sad Record For South African Gold Investors

Gold investing has again popped up in a financial-advice column, but this one's a little different from most others. Instead of cautioning about the gold price going down in the future, this one points out that gold has fallen since March of 2009.

That's because the advice column hails from a South African newspaper. Krugerrands have dropped by 13% in rand terms since March of '09, due to a rise of the rand.

Currencies matter. Gold in Japanese yen, to take another example, are far from a record.


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