Truth Alliance Newsletter Signup
     Follow Us   |   Truth Alliance RSS Link     Truth Alliance Facebook Link     Truth Alliance Channel     Truth Alliance Live Documentaries
  Archive > News > Economics
Search

It Has Paid to Own Silver, Gold

By Mark Gongloff | WSJ | Sep. 9, 2011

If on September 11, 2001, you sold stocks and bought crude oil, silver and gold — as many people did — and then held those things for the next decade, you’d have done really, really well.

A chart posted by Bespoke Investment Group yesterday illustrates this starkly.

The best performing asset class of the past decade has been silver, up more than 900%, from $4.16 an ounce to nearly $42 at last check. Gold has been a healthy second, up nearly 568%, from about $272 an ounce to about $1854.

Crude-oil, which everybody expected to be a big winner after Sept. 11, has gained, though not as much as gold and silver, rising 225%, from less than $28 a barrel to about $86.

The biggest post-9/11 losers have been the US dollar, European stock markets and financial stocks in the S&P 500. The best-performing sector in the S&P over this time has been the energy sector, up 128%.


Related

The Hows and Whys of Gold Price Manipulation
Gold: Bad Year, Good Decade
Rand Paul: I Oppose the Money Changing in the Temple of the Federal Reserve
Ted Butler: 2013 Was The Year Of JPMorgan In Silver And Gold
JP Morgan's Quiet Scramble To Refill Its Gold Vault
Is The Perfect Storm Coming For Gold?
Chine bought more than 100 tonnes of gold for the sixth straight month
Will Gold Hit $3,000 by End of 2015?
CME Group Lowers Gold, Silver, Copper Margins
Feds Use Intimidation to Confiscate Vet's Assets

Tags

Gold, Silver, Oil, Stock Market

Economics :: 1312 Views :: 0 Comments
Comments
Only registered users may post comments.
~No live broadcasts this hour~
 
TruthAlliance.net
Email Address:  
Distributions

Subscribe

© Copyright 2007-2013 Truth Alliance inc. All Rights Reserved