Today I read the news about Gold reaching an all time high of $1,000 per ounce. It comes to show that when currency value (see $US) keeps falling, people turn to well tested alternatives with age old demand in human history. Gold!
Since the turn of the year, the price of gold has increased 20%, can any investment be that good? Other than oil perhaps.
And since everyone is heading back to the good old gold rush days, you may have to reconsider on how real the gold you have in stock is. Especially if you ever traded in Ethiopia, since this shocking article reveals the National Bank of Ethiopia has payed millions of dollars to buy what turned out to be… gold plated steel… ouch!
March 15th, 2008 at 6:18 pm
Scary stuff all the way around. Wish I had some gold jewelry to sell