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Gold and Blood

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    Posted: 19-Apr-2006 at 15:02

I sometimes listen to the buisness radio to try to act more mature. (And sometimes I find it sooo boring, that it is dangerous for me to be driving and dozing off while listening to it lol)

--Anyway back to the topic I was listening to the buisness radio and find that gold is now worth over $600!!!! And silver is about $13. How did gold reach so high? And does it's long history have anything to do with this staggering amount that it is today?


--Also by saying $600 that is in one ounce of gold

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Maju View Drop Down

Joined: 14-Jul-2005
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  Quote Maju Quote  Post ReplyReply Direct Link To This Post Posted: 19-Apr-2006 at 22:52
Well, gold and other precious metals like silver are a safety investment. The tendency of gold possibly means that there's some feeling of insecurity in the stock market.

As far as I know the raise is very recent and is associated with increased oil prices (that are already more than double than ever before) and all what moves around it: Iranian crisis, Nigerian riff-raffs, etc. There's a growing concern about energy and energetic costs, both monetary and ecological, yet the concern is far from being generalized nor provoking effective measures.

We'll see...

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