Gold comfort for a double-your-money buy
Jun, 16, 2009 | Irish Independent
Anyone who invested €10,000 in buying gold in the past five years would have doubled their money, the country's leading gold bullion dealer said yesterday.
On the other hand, investing the €10,000 in the Irish stock market would have left an investor with just over half their original outlay, according to GoldCore.
Irish-owned gold dealer Gold Investments has rebranded as GoldCore. The company had turnover of €42.3m last year, a 168pc increase from 2007 and is targeting another 60pc rise this year. GoldCore's Stephen Flood said yesterday that while investors had been diversifying into gold in recent years, investment in the commodity remains the preserve of a minority of people.
http://www.independent.ie/business/irish/gold-comfort-for-a-doubleyourmoney-buy-1774693.html
