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Miscalculation liable consultants must

must adhere financial advisor if they sell securities with a calculated false return - even if the fault is not their own. The decided the Bundesgerichtshof (BGH) in a landmark decision (document number: III ZR 144/10). In the particular case in 1997 bought a couple for 75,000 Deutsche Mark (€ 38 300) shares in a closed-end funds and financed it through a bank loan.
had earlier said the financial adviser for the spouses, the expected return based on a model bill that was created by the fund provider. Depending on how much would the rent will rise, the value of the investment increase steadily by 3 to 4 percent, and promised the counselor.
The model calculation showed, however, a serious error. Because the fund provider went from an initial value from € 38 300. This, however, was only € 29 400, withheld since the rest for commissions, fees and other charges was. The applicants had therefore not yet reached an appreciation of 3 percent, even after ten years of their investment amount of 38 300 euros, credited before the Federal Court.
The consultant should have noticed the error in an approximate verification of the numbers of the scheme operator must, the court ruled. Therefore, the consultant responsible for the loss of spouses.
Source: www.dasinvestment.com
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gold prices climbed toward $ 1,500

gold is so expensive as never before: The price of the precious metal climbed from record to record.

Because of the uncertainty caused by the riots in Libya, the price of the precious metal climbed on Tuesday in New York to a record high of $ 1,434.93 per troy ounce. In the morning the gold price slipped a bit from 1430 U.S. dollars.
was in February, the gold price already increased by six percent.
was in the course of the gold and silver prices rise more expensive, the price of an ounce was today at $ 34.47. Silver is also more expensive than ever before.
And, ending the rally not in sight: In the opinion of analysts expected the continuing protests in the Arab world continue to unsettle investors initially, thus reinforcing the flight to relatively safe investments such as gold.
The experts of the Swiss UBS, it now means that the price könnnte in the wake of political unrest in North Africa and the Arab world very soon reach $ 1,500 an ounce.
2010 was the price of gold within a year increased by about 30 percent, this was the tenth year of the precious metal price gains in a row. So long after the other since at least 1920, it was no longer up.
Source: www.handelsblatt.com