Latest news with #goldinvestment
Yahoo
7 days ago
- Business
- Yahoo
If You Had Bought Gold During the 2008 Financial Crisis, Here's How Much You'd Have Today
The 2008 financial crisis had a worldwide rippling effect. The S&P 500 fell 38.5%, millions of homes went into foreclosure and U.S. households lost nearly $17 trillion in total wealth. No matter where you were at the time — but especially if you were affected by economic decline — you might not have seen that period as a time to invest. But what if you had? What if you'd purchased gold in 2008? Here's what it'd be worth today, and whether it's still a good investment in current times. Check Out: Learn More: Gold Prices Have Risen Since 2008 At the start of 2008, gold was priced at around $924 per ounce. Over the next four years, it rose to $1,788 per ounce. Like any investment, gold has had its share of fluctuation. Back in December 2015 — just shy of a decade ago — it fell to $1,060 per ounce. That's only slightly higher than its 2008 price. But as it tends to do, gold bounced back shortly thereafter. Aside from a few small dips, it's seen an overall upward trajectory. As of July 2025, it's valued at approximately $3,359 per ounce. Read Next: What Your Investment Would Be Worth Today If you'd purchased a single ounce of gold during the 2008 financial crisis, you'd have spent around $924 and it'd be worth around $3,359 today. That's a 264% increase in value over the past 17 years. But what if you'd invested more aggressively and bought, say, 10 one-ounce bars for $9,240? Using that same percentage increase, you'd have around $33,590 today. Is Gold Still Worth the Investment? You might have missed out on investing in gold when it was priced at under $1,000 an ounce. But that doesn't mean it's a bad investment now. You could use it to safeguard your other assets and build more diversity into your portfolio, especially during times of economic uncertainty and stock market volatility. It's just going to cost more than it did in 2008. 'Gold has been in an incredible bull-market cycle now for the past 25 years,' said Robert Kientz, head of operations at Kinesis Bullion. 'Gold has exceeded the returns of the major stock market indices since 2000. And while gold has been on such an incredible hot streak, it does not show signs of slowing down.' Of course, there's no guarantee that it will continue to rise in value at such an exponential rate. But Kientz said that gold may well have a solid future as an investment for the next five to 10 years. Not only do central banks still actively purchase it — they bought 244 tons in Q1 2025 — but gold prices tend to rise during times of economic uncertainty. If you're considering diversifying your portfolio, gold might be worth the investment. Just make sure it aligns with your overall strategy and goals. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 These Cars May Seem Expensive, but They Rarely Need Repairs The New Retirement Problem Boomers Are Facing This article originally appeared on If You Had Bought Gold During the 2008 Financial Crisis, Here's How Much You'd Have Today Sign in to access your portfolio
Associated Press
04-07-2025
- Business
- Associated Press
Gold Bullion Partners Expands Team to Support Surging Demand for Physical Gold
Gold Bullion Partners expands operations with three new hires, reflecting rapid growth in client demand and prompting plans for a second office move within one year London, England, United Kingdom, July 4, 2025 -- Gold Bullion Partners is excited to announce the expansion of its team, with three new employees joining the firm in a single week. This development comes in response to significant growth in client demand for physical gold investment services, including the company's tax-efficient Pension Gold offering. Gold Price Growth Fuels Operational Expansion Designed to support individuals and institutions seeking security through tangible assets, the expansion strengthens Gold Bullion Partners' ability to deliver a highly personalised service. The new hires bring added expertise across client support, operations and logistics, ensuring the company maintains its high standards as it grows. With gold prices continuing to rise and more investors turning to physical assets for long-term protection, the firm's services have seen a marked increase in interest. Over the past three years, the price of gold has climbed by more than 86.4 per cent, helping to explain the increase in the number of people investing in gold coins and other physical assets. Additionally, the steady upward trend has reinforced gold's role as a dependable store of value, especially in periods of economic uncertainty. As a result, more individuals are choosing physical gold as a safeguard for their wealth and retirement portfolios. This sharp rise in demand has led directly to the firm's current phase of growth. In addition to expanding the team, Gold Bullion Partners is now preparing to move into a larger office space within the same area. The new premises will provide improved meeting rooms, additional space for operations and support, and capacity for further recruitment. Although rapid growth was not expected so early in the year, the company is responding proactively to ensure that clients continue to receive a high standard of service in a fast-moving market. 'The pace of growth this year has been both exciting and humbling. As more people turn to physical gold for financial security, we've made it our mission to meet that demand without compromising on the service our clients trust us for. Moving into the Grosvenor Estate, just behind Eccleston Yards, feels like a natural step; it's more than an office move, it's us finding our long-term home in an ecosystem that reflects our values of stability, integrity and long-term thinking.' said Nicholas Ward, Founder at Gold Bullion Partners. What Clients Can Expect from Gold Bullion Partners The expansion follows the earlier recruitment of Jenna, an experienced EA and operations manager with top FTSE 100 recognised brands whose experience marked the beginning of a broader scale-up strategy. With a strengthened team and a focus on service, Gold Bullion Partners continues to offer the following: Gold Bullion Partners' services are available throughout the United Kingdom, with direct gold investment options starting from £10,000. All Pension Gold holdings are VAT-exempt and free from capital gains tax when held in qualifying pension structures. These features make the service attractive to individuals seeking long-term resilience and clarity in their retirement planning. The latest expansion represents an important step forward for Gold Bullion Partners as it continues to scale responsibly. The firm remains focused on maintaining transparency, delivering exceptional client care, and driving steady infrastructure growth. Learn more about buying physical gold and silver at or reach out to us at [email protected] for more information. About the company: About Gold Bullion Partners Gold Bullion Partners is a United Kingdom-based gold investment firm founded by Nicholas Ward, a former barrister and financial markets professional. The firm specialises in helping individuals regain control of their financial futures through secure and tangible gold ownership. With a client-focused approach and a commitment to discretion and long-term value, Gold Bullion Partners offers tailored access to LBMA-certified gold, full vaulting transparency and expert support across every stage of the investment process. Services include direct gold purchasing, Pension Gold integration and structured account management. Clients can invest from £10,000 and receive ongoing support in person, over the phone or at the company's Belgravia office. Contact Info: Name: Nicholas Ward Email: Send Email Organization: Gold Bullion Partners Address: 52 Grosvenor Gardens, Grosvenor Gardens, London, England, SW1W 0AU Phone: 0207 031 8077 Website: Release ID: 89163905 If there are any problems, discrepancies, or queries related to the content presented in this press release, we kindly ask that you notify us immediately at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or support you with press release takedowns. Ensuring accurate and trustworthy information is our unwavering commitment.
South China Morning Post
30-06-2025
- Business
- South China Morning Post
Ghana at loggerheads with China over rampant illegal gold mining
China and Ghana Africa's largest gold producer, are embroiled in a diplomatic row over the rampant problem of illegal gold mining, known as 'galamsey'. As global gold prices soar, a growing number of Chinese firms are investing billions of dollars in Ghana's lucrative gold sector. However, the alleged involvement of Chinese nationals in illicit mining operations has ignited major debate It has prompted the Chinese ambassador to Ghana, Tong Defa, to push back against accusations that Chinese nationals are solely to blame for the illegal mining activity. He said Chinese nationals could not obtain local mining licences and were often brought in by Ghanaians who facilitated the illegal mining operations. 'The issue did not originate from the Chinese. Some of those who are even caught red-handed are simply migrant workers trying to make a living,' Tong told local media in Ghana last week. He said the 'perception is unfair to me, personally, and to the majority of Chinese nationals here'.
Yahoo
24-06-2025
- Business
- Yahoo
San Francisco man turns 1 Costco purchase into $600 profit - Here's what he bought
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Everyone knows Costco is a great place to stock up — whether you're in the mood for a giant cheesecake or a kayak you didn't plan to buy. But did you know the warehouse giant could also be a surprising stop for investors? Just ask personal finance influencer Humphrey Yang. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) In April 2024, Yang purchased a one-ounce gold bar from Costco for $2,359.99. This past March, he walked into a gold dealership in San Francisco and filmed the moment he sold it for cash. 'Right now, we're paying $2,955.42 [per ounce],' an employee told him. With the spot price for an ounce of gold hovering around $3,020 at the time, Yang agreed to the deal — noting the price was reasonable given dealers typically buy slightly below market value. Moments later, Yang walked out with a stack of bills and a simple takeaway. 'That was surprisingly easy,' he said. '$2,955 — that means I made a profit of $596 over the past 11 months or so.' The exact amount was $595.43. Gold prices have been surging recently. Since Yang sold his gold bar, the price has increased to approximately $3,300 per ounce. Goldman Sachs has raised its year-end forecast for gold from $3,300 to $3,700 — with a projected range of $3,650 to $3,950 — according to multiple news outlets. Gold has long served as a store of value — and that hasn't changed. Unlike fiat currencies, the glittering metal can't be printed at will by central banks, making it a powerful hedge against inflation and monetary instability. It's also long been viewed as the ultimate safe haven. Gold isn't tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors tend to pile in — driving up its value. That may help explain why, while markets are getting whipsawed by tariff uncertainty and global tensions, gold has emerged as a bright spot. Over the past 12 months, the price of the precious metal has surged by more than 40%. Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, recently highlighted gold's role in a resilient portfolio. 'People don't have, typically, an adequate amount of gold in their portfolio,' Dalio told CNBC in February. 'When bad times come, gold is a very effective diversifier.' One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of American Hartford Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account — combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to potentially hedge their retirement funds against economic uncertainties. Even better, you can often roll over existing 401(k) or IRA accounts into a gold IRA without tax-related penalties. To learn more, get your free 2025 information guide on investing in precious metals. Qualifying purchases can also receive up to $20,000 in free silver. Read more: Rich, young Americans are ditching the stormy stock market — Gold isn't the only asset investors turn to during inflationary times. Real estate has also proven to be a powerful hedge. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation. Over the past five years, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has jumped by more than 50%, reflecting strong demand and limited housing supply. Of course, high home prices can make buying a home more challenging, especially with mortgage rates still elevated. And being a landlord isn't exactly hands-off work — managing tenants, maintenance and repairs can quickly eat into your time (and returns). The good news? You don't need to buy a property outright — or deal with leaky faucets — to invest in real estate today. One option is Homeshares, which gives access to the $30-plus trillion U.S. home equity market — a space that has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, accredited investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
20-06-2025
- Business
- Zawya
O Gold and Emirates Gold forge a strategic partnership to redefine precious metals access in the UAE
Dubai, UAE – O Gold, the UAE's first Emirati fractional gold and silver ownership app, has announced a landmark partnership with Emirates Gold, one of the region's most respected and long-established refineries. Through this collaboration, O Gold's rapidly expanding base of more than 75,000 active users will gain seamless access to an enhanced portfolio of certified gold products at competitive refinery‑direct rates, all delivered with the speed and convenience synonymous with the O Gold Wallet. This partnership marks a significant step forward in making precious metals investment more accessible and transparent for everyday investors in the UAE. By directly connecting O Gold's innovative fractional ownership platform with Emirates Gold's certified refinery products, users can confidently invest in physical gold with unprecedented ease and assurance. "Our partnership with Emirates Gold is a pivotal moment for O Gold and our users," said Bandar Alothman, Founder of O Gold. "We are committed to democratizing access to precious metals, and this collaboration with a highly respected refinery like Emirates Gold directly addresses that goal. Our users can now be assured of the authenticity, quality, and competitive pricing of their gold investments, all within the familiar and convenient O Gold app', he added. Emirates Gold, renowned for its rigorous quality control and commitment to global standards, expressed strong enthusiasm for the partnership. Abhijit Shah, CEO of Emirates Gold, remarked, 'We are proud to join forces with O Gold, a pioneering platform that is transforming how investors across the UAE access precious metals. This collaboration reflects our unwavering commitment to delivering secure, transparent, and world-class precious metals solutions. Together, we are setting a new benchmark for accessibility and trust, empowering a new generation of investors with direct access to certified, high-quality gold.' Emirates Gold, the UAE's most established gold and silver refinery with a legacy of excellence since 1992, and renowned for shaping the precious metals landscape of the Middle East for over 33 years, brings unparalleled industry expertise and trust to this strategic alliance. Through this partnership, O Gold users will gain privileged access to a broader range of high-quality, UAE Good Delivery certified gold and silver bars and coins at competitive rates directly sourced from the refinery and delivered securely to their doorsteps. By combining Emirates Gold's decades-long legacy with O Gold's innovative digital platform, this collaboration reinforces both brands' shared commitment to trust, transparency, and investor empowerment further solidifying O Gold's position as the region's preferred platform for real-asset ownership. About O Gold O Gold Precious Metals is the first Emirati app for fractional gold and silver ownership, enabling secure transactions starting from just 1 dirham. The platform offers seamless buying, selling, and leasing of precious metals, redefining gold investment with accessibility and security at its core. With a strong focus on trust and transparency, O Gold ensures high-quality gold and silver, securely delivered with full insurance. Competitive pricing makes gold ownership more attainable, while the leasing feature allows users to earn returns on their physical assets. More than just a retailer, O Gold serves as a trusted partner in financial security through precious metal investments. Backed by a dedicated customer service team, the platform provides a smooth and rewarding experience, adhering to the highest standards of quality and security.
