Financial Advice Today and 400 Years Ago – Do Not “Venture All” “Eggs In One Basket”

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Published : October 12th, 2015
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Category : Market Analysis

We look at gold’s vital diversification benefits in the latest edition of Executive Global.

24hGold - Financial Advice Tod...

“Tis the part of the wise man to keep himself today for tomorrow, and not venture all his eggs in one basket” – Cervantes in Don Quixote in 1605

The key to successful long term investing is diversification and owning a range of different quality assets.

Gold has been shown to enhance returns and to reduce overall volatility over the long term. This was clearly seen during the financial crisis when gold was one of the very few assets to surge in value.”
Read the full article “Global Executive: Why gold is a vital diversification for today

DAILY PRICESToday’s Gold Prices:  USD 1164.20, EUR 1021.54 and GBP 758.14 per ounce.                                                       
Friday’s Gold Prices:  USD 1151.50, EUR 1016.42 and GBP 749.01 per ounce.    
(LBMA AM)

24hGold - Financial Advice Tod...
Gold in USD – 1 Month

Gold is up another 1% this morning, consolidating on last week’s 1.7% gain, and has touched a 7-week high at $1,167.30/oz. The metal has picked up some upward momentum after breaking decisively through its 100-day moving average (currently 1141) last week.

Silver, platinum and palladium are all also stronger, with silver leading the precious metals higher again. Silver is also up 1% after surging another 3.8% last week, its biggest weekly rise since mid May.

24hGold - Financial Advice Tod...

Download Protecting Your Wealth in the Coming Bail-in Era

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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