The Best Investment of the "Noughties"
It’s strange to already be thinking of 2010 as last year.
However, “last year” I decided to make an honest comparison of gold and silver as investments by comparing them with popular shares.
Admittedly my reason for choosing these particular shares was very unscientific and the accuracy could also be suspect as I relied on information from Google Shares website. I chose:
British Airways (BA) being a high profile very respected and flagship British Company (2,809 shares);
I based the study on what £10,000 would have bought on the 4th April 2000 (my birthday), and then what those same shares were worth on the same date in 2005 and then again in 2010.
Like BA, Barclays shares had also dropped (to around £9,000). Aviva fared even worse with their £10,000 investment now worth only slightly over £4,000, a drop of around 60%.
Let’s be honest, the chances of finding another Google are slim to say the least. In fact the Google figures were only from the time of the floatation in 2004 so the "bubble" effect is probably only now levelling off and I expect the share price to fall significantly in the 1-3 years, whereas despite any short term dips the price of gold and silver must inevitably rise as paper monies everywhere collapse.