It's quite strange when I think about returns these days. Cos I'm Singaporeans and live in the US... So I tend to get mixed up about how I view returns. And I realize that returns aren't really so clean cut, cos it depends on who's looking at the investment. Imagine... If I'm an American. I save in USD, I buy gold, at USD1,700 and now it is USD1,900. Great! I have achieved around 11.8% return. However, for a Singaporean, he saves in SGD, he buys gold at USD1,700 but the exchange rate was SGD1.43 per USD. Now the exchange rate is SGD1.38 per USD, when gold is at USD1,900. So for a Singaporean, the return would be around 7.9%. Then for a European, he saves in EUR, he buys gold at USD1,700 the exchange rate was USD1.10 per €, and now it is USD1.17 per € when gold is USD1,900, resulting in a return of around 5.1%. So...