INVESTING IN "THE KING OF METALS"

REASONS YOU SHOULD INVEST IN GOLD

According to Dr Lawrence C. Wolken of Mays Business School at Texas A&M University,

"Much of his wealth is tied to the price of his shares of Microsoft stock and therefore subject to the ups and downs of the stock market."

Who are the wealthiest people in the world? In 1987, Japanese real estate tycoon Toshiaki Tsutsumi topped Forbes’ first list.

He was then worth an estimated $20 billion. When land prices in Japan crashed in 1990, much of his wealth evaporated. By late 1998 he was worth only $6 billion.

With a net worth of $18.5 billion Bill Gates topped the list in 1996 with Warren Buffett coming in a close second at $15 billion. Gates’ net worth reached a peak of $90 billion dollars in the 1999 rankings. "Much of his wealth is tied to the price of his shares of Microsoft stock and therefore subject to the ups and downs of the stock market."

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The U.S. and Japan are not the only countries that have billionaires. From 1990 to 1994 the Mexican stock market quadrupled in terms of dollars. Forbes added 24 new billionaires from Mexico to its July 1994 list of the world’s wealthiest. Mexico’s Carlos Slim Helu' was ranked number six on that list at a net worth of $6.6 billion. When the peso crisis hit in late 1994, the Mexican stock market dropped 44%. By 1995 he was worth only $3.7 billion.

The prosperity of 1995 and 1996 created many billionaires in Southeast Asia. Unfortunately, their fortunes were reversed with the currency crisis that began in 1997.

Number two on the list in 1998 was Sultan Hassanai Bolkiah of Brunei. His net worth was estimated at $36 billion. Vladimir Potanin of Russia ranked number ten with a net worth of $1.6 billion. In addition to 70 Americans, Forbes’ 1998 list included 52 Europeans, and 44 Asians. By the 2004 rankings, Russia boasted a total 25 billionaires putting it in third place behind the U.S. and Germany. The world’s billionaires did not fair very well during the first few years of the new millennium. For its 2002 rankings, Forbes could find only 497 billionaires compared to 538 the previous year.

 This included 28 newcomers and 12 who returned to the rankings. For each of these returnees and newcomers, two others had dropped off the list. For the 497 who made the list that year, half of them had experienced a drop in their net worth. 2003 was not much better for the world’s rich, especially for the five billionaires who saw their net worth drop to zero. One of them, Germany’s media mogul Leo Kirch, took on too much debt and was forced into bankruptcy when his company’s creditors began exercising their put options.

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The 2004 rankings reflected a modest upturn in the world’s economy with 587 billionaires making the list. Joanne Kathleen Rowling, a former welfare mother, made the list for the first time at number 552 as a result of her popular Harry Potter series. At age 20 Albert von Thurn und Taxis, the youngest to make the list, was ranked 262 with a net worth of $2.4 billion. How did someone so young get so rich so quickly? He inherited a royal family fortune on his 18th birthday. In contrast, John Simplot at age 95 was the oldest person on the list, ranked number 205. After dropping out of school in the eighth grade, he made his first billion in potatoes with a gadget that sorted spuds. During WWII many GIs ate his dehydrated potatoes and in the 1950s he patented frozen French fries.

The 2005 rankings included a record 691 billionaires from 47 countries with a collective net worth of $2.2 trillion. To put their collective net worth in perspective, the only countries in the world who have a higher annual GDP are the U.S., China, Japan, India, and Germany. The newcomers to the list included, for the first time, Kazakhstan, Poland, Ukraine and Iceland. Bill Gates was crowned the richest person on the planet for an eleventh straight year with a net worth of $46.5 billion, down from the $51 billion he had ten years earlier.

•in 2014, to buy this house, you need $180,000 or 3kg of gold 

Warren Buffett was a close second at $42.9 billion with Karl Albrecht of Germany coming in a distant third at $23.0 billion. At number 25 , Abigail Johnson was the highest ranked woman with a net worth of $12 billion.. She and her father run Fidelity Investments. After thirteen years as the world’s richest person, Bill Gates slipped to number three in 2008 with a net worth of only $58 billion. Warren Buffett finally made it to number one with a net worth of $62 billion. Carlos Slim Helú was number 2 at $60 billion. The rankings had grown to 1,125 billionaires.


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