Saturday, March 6, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Silver Silver Jewelry

If you invested $10K in gold in 2009, where would you be?

Gold Investment Experts by Gold Investment Experts
in Silver Jewelry
4 min read
0
If you invested $10K in gold in 2009, where would you be?
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Editor’s Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

If you invested $10K in gold in 2009, where would you be? 1

(Kitco News) Gold is wrapping up the yr on a really sturdy footing, however how has the metallic carried out throughout this final decade and the way a lot revenue would you may have made for those who invested $10,000 in gold again in 2009?

Gold had a very good yr, rising round 18% over the past 12 months, after marking a six-year excessive of $1,571 again in September. Spot gold began off the yr round $1,282 an oz and is ending 2019 at above $1,480.

Nonetheless, the final decade as an entire was not a straight line of positive factors. The valuable metallic noticed a really unstable 10-year interval, with costs rising to all-time highs of $1,921 in 2011 and falling under $1,100 in 2015.

“We are able to say fairly safely that gold has been pretty unstable right here. We went by means of an entire gamut of experiences. We went up in 2010 from a low of $1,044. After which we nearly doubled inside simply barely over a yr as we peaked at $1,921 in 2011. Then we plunged once more in direction of $1,066 and now we’re at $1,480,” TD Securities head of world technique Bart Melek informed Kitco Information.

Notion of threat and world financial insurance policies have been the first drivers of gold in the course of the previous decade, Melek added.

“There was numerous motion over the past decade on this asset class and really a lot pushed by our notion of threat and really a lot financial coverage, which has been the primary issue driving gold right here,” he mentioned.

The final decade noticed the markets popping out of the financial disaster and the worldwide financial coverage response to that disaster, mentioned Mitsubishi analyst Jonathan Butler.

“We’ve come out of a interval of financial crises — 2009-2010 interval. The financial coverage adopted that. On the one hand, that will be anticipated to help gold by way of retaining rates of interest low, what really occurred was that it crammed a flight into threat belongings. So, equities did fairly properly whereas gold remained pretty subdued for a few of that point,” Butler mentioned.

“We noticed an enormous spike up in 2011, which was associated to the eurozone considerations. Since then, within the final 4 or 5 years as much as this yr, gold was on a downward pattern. On the finish of quantitative easing in 2013, gold went from $1,800 to about $1,100 over a three- or four-year interval,” he identified.

The final three years noticed a pleasant restoration in gold, with 2016 and 2019 standing out as the 2 most bullish years for the reason that 2011 peak, Butler added.

“The final three or 4 years, we’ve positively seen some upside. Began in 2016 and as soon as once more got here again very strongly in 2019 as charges began to be lower once more within the U.S. Usually talking, the efficiency of gold remains to be constructive for those who take a look at the ten-year interval as an entire. However, realistically we’ve solely come from possibly $1,150 to $1,480 proper now. So, not an enormous diploma of appreciation over that point,” he mentioned.

If you invested $10K in gold in 2009, where would you be? 2

So, the place would your $10,000 funding be for those who purchased the valuable metallic in 2009?

If we take gold spot worth from December 1, 2009 — $1,179.22 an oz —and evaluate it to December 1, 2019 worth of $1,464.02, your $10,000 funding would have risen by $2,415 and now whole $12,415 — not accounting for inflation and the U.S. greenback fluctuations.

Total, spot gold rose 24.15% from December 1, 2009 to December 1, 2019. Again in 2009, an investor might have bought 8.4802 ounces of gold with the $10,000 funding, which now buys solely 6.8305 ounces.

Beneath is the chart that compares gold’s efficiency over the past decade with different valuable metals.




Disclaimer: The views expressed on this article are these of the writer and will not mirror these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge supplied; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

Rose Quartz Ring Market Size 2020 By Global Business Trends, Share, Future Demand, Leading Players Updates and Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) – Owned

Impact Of Covid 19 On Precious Metals Market 2020 Industry Challenges, Business Overview And Forecast Research Study 2026 – NeighborWebSJ

Yellow Metal Prices Fall to Rs 47,960 Per 10 gm, Silver at Rs 69,800 Per kg

Yellow Metal Prices Fall to Rs 47,960 Per 10 gm, Silver at Rs 69,800 Per kg



Source link

Previous Post

Silver, Gold & Platinum Spots | Precious Metals Prices | Bullion

Next Post

Is This What Peak Fear Looks Like?

Next Post
Is This What Peak Fear Looks Like?

Is This What Peak Fear Looks Like?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Gold prices power higher amid still seriously wounded global economy

Gold prices power higher amid still seriously wounded global economy

Coronavirus latest: England’s biggest cities bar London and Liverpool to go under toughest restrictions

Coronavirus latest: England’s biggest cities bar London and Liverpool to go under toughest restrictions

Is Seattle flattening the curve?

Is Seattle flattening the curve?

Inherited gold? Here’s when you should declare it in your income tax return

Inherited gold? Here’s when you should declare it in your income tax return

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    12 shares
    Share 5 Tweet 3
  • Palladium Surges above $2,400. Is It Sustainable?

    4 shares
    Share 2 Tweet 1
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    3 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Unchecked rise in bond yields will weigh on gold as prices end the week below $1,700
  • Difference between 24K and 22K and 18K Gold? Which is the best form of Gold?

Recent News

Wall Street, Main Street bullish on gold, but silver is the metal to watch next week

Unchecked rise in bond yields will weigh on gold as prices end the week below $1,700

Difference between 24K and 22K and 18K Gold? Which is the best form of Gold?

Difference between 24K and 22K and 18K Gold? Which is the best form of Gold?

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.