Posted by meb at August 13th, 2008

Gold bars and bank deposits have become the most lucrative financial instruments in July, the latest figures released by the Turkish Statistics Institute (TurkStat) have shown.

TurkStat announced the real rate of return for a number of investment instruments for the month of July. The figures show that gold bars were the most lucrative instrument, at 4.50 percent. Investors in the stock exchange made a profit of 4.20 percent, the US dollar rose in value by 1.70 percent and the euro depreciated by 0.30 percent.

The annual figures also confirm that gold bars are the most effective tool for investors. Bank savings have grown by 3.85 percent annually whereas investors in gold bars made a profit of 19.40 percent and investors in the stock market 36.46 percent. Investors in foreign currency suffered from heavy losses throughout the year. The US dollar and the euro depreciated by 15.49 percent and 2.82 percent, respectively.
source: Today’s Zaman

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