Gold Gains in London as Fund Investors Buy Metal to Diversify
Feb. 16 (Bloomberg) -- Gold gained in London as investors sought to diversify their portfolios and get higher returns.
Investors are buying gold because it's outperforming stocks and bonds. Gold rose 90 percent in the five years to the end of 2005, while the Standard & Poor's 500 Index returned 2.7 percent with dividends reinvested. An index of Treasuries maturing in two years or more returned about 30 percent including interest reinvested, Merrill Lynch & Co. indexes show.
( For full story, Click here )
Investors are buying gold because it's outperforming stocks and bonds. Gold rose 90 percent in the five years to the end of 2005, while the Standard & Poor's 500 Index returned 2.7 percent with dividends reinvested. An index of Treasuries maturing in two years or more returned about 30 percent including interest reinvested, Merrill Lynch & Co. indexes show.
( For full story, Click here )
posted by Oil Shock at 12:14 PM
0 Comments:
Post a Comment
<< Home