Gold firm aims for 60% sales rise
Monday, 15 June 2009 11:33Irish-owned gold dealer Gold Investments has re-branded and will now be known as Goldcore.
The company had turnover of €42.3m last year, a 168% increase from 2007, and is targeting another 60% rise this year.
Goldcore says that while investors have been diversifying into gold in recent years, investment in the commodity remains the preserve of a minority of investors.
It says gold bought in August 2007, when first signs of the global financial crisis began to appear, has since risen in value by 41.5%, while the ISEQ has fallen by 66% in the same period.
Goldcore claims many investors were not diversified enough in recent years - investing mainly in property and shares - and that many would be in a far better position had they also invested in cash, bonds and gold.
