Interest in gold, silver and other precious metals has soared during the financial crisis – and with it their prices. But is this just a speculative craze that will vanish as quickly as it came? Owen Sanderson reports.
Interest in gold, silver and
other precious metals has soared during the financial crisis
– and with it their prices. The boom has been great
for derivatives exchanges – many have enjoyed growing
volumes and a rash of new contracts has been launched. But is
this just a speculative craze that will vanish as quickly as it
came? Or is it the start of something bigger? Owen
Nobody who has been watching the
commodities markets can fail to be impressed by the rise and
rise of the precious metals.
Gold bulls are fond of quoting
the statistic that their metal has been the best-performing
asset over the last 10 years. The performance of the other
precious metals has been similar, despite their greater range
of useful applications, and hence keener vulnerability to
fluctuations in industrial activity.
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