Just today, price of precious metal gold has risen to US$1,000 an ounce as the dollar falls. A friend of mine asked me why is gold price rising? My answer to him was, "When printing of money results in dollar depreciation, people will move to safer haven like gold. Many central banks may be expected to give up the dollar if the talk of a new currency pass through.".
To prove my point, I made a search and found the below very interesting article. It talks on the reason why gold price is rising and its likelihood that it may even hit US$2,000 per ounce within the next 2 to 3 years. However, I personally am not very keen on gold investing unless its price falls back near to US$800 before I am comfortable.
The Case for Gold Today [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
Get accurate and real-time bus arrival information for public bus operators in Singapore, including SBS Transit, SMRT Buses, Go-Ahead Singap...
-
Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed m...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.