The below facts about gold in year 2011 definitely makes a sense to have percentage of your portfolio in gold as a part of restructuring of our portfolio.
- Gold started the year 2011 at $1,404.
- It’ll close around the $1,570 range for a YTD gain of about 12% In year 2011 and no doubt it has outperformed a number of markets.
- Gold made a record high the week of 06 September 2011, reaching levels above $1,900 an ounce.
- Since that time, gold has sold off as a tsunami of fund managers sold gold positions end of year to lock in and to show profits for the year. However, ending the year gold rebounded more than $50 in the last two trading sessions.
- Gold has been in an 11-year bull market. It’s been a perfect storm as gold started off the millennium below $300 an ounce.
Thus definitely it makes sense to be associated with best portfolio advisory service to let your portfolio grow by leaps and bounds. If you are a commodity trader than do remember to check the gold tips to make money in Indian commodity market.
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