| The 10-year bull run is likely to continue with gold remaining an alluring alternative investment probably for one or even two more decades. "Commodity bull markets will last 30 years. If we say that the gold bull market started in 2002, 30 years will take it to 2032 or so," said Datuk Louis Ng Chun Hau, founder and executive chairman of Public Gold Marketing Sdn Bhd.
Over the past decade, the price of gold has appreciated by an average of 18% per year, moving from US$270 (RM810) in 2002 to around US$1,720 (RM5,160) per ounce today. The US Federal Reserve's third round of quantitative easing may fuel inflation following liquidity injections into the financial market, making gold more attractive as an alternative investment. ..............................................Full Article: Source
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