Gold market no safe haven in 2013
PR dla Zagranicy
NFP 13 01 09 Gold market risky.mp3
In 2013 the proverb "not all that glitters is gold" may be transformed into "not all that is gold, glitters." After more than a decade of steady and solid profit, the gold market has ceased to be an investors' choice.
This runs counter to the tradition-based attitude of most investors towards the sought after precious metal which contributed prominently to developments in world history over the ages.
Experts agree gold this year will not yield much profit. At least at a level and solid terms investors had become accustomed to over the past twelve years. Already 2012 carried considerable disappointment with modest single digit returns, instead of the mean 17 percent annual dollar-pegged profit registered in previous years.
Slawek Szefs reports.