Gold prices plummet as investors turn to Australian Property for safety net
Posted
in Updates
@ Apr 17th 2013 10:04am
- By Garry Larden
Gold prices plummet as investors turn to Australian Property for safety net
Australian investors were left confused after $7 billion was wiped off the share market, making up for losses of more than $22 billion in two days.
The price of gold is normally considered a save-haven for investment, but it is plummeting at record levels while share markets also fall.
An increased shift from gold into property is historically recorded when gold prices drop, and once again this move is on, particularly from international investors but also from Australian nationals who are securing industrial, rural, and residential properties.
