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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

Is it time for gold?

Posted on 10 December 2012

From 1913 to 1971, the price of gold went from $18.92 an ounce to $40.62 an ounce. But after the Bretton Woods system was taken down in 1971, the price of gold started to skyrocket. It went from $40.62 an ounce to $871.96 (average gold price in 2008) to $1,571.52 (average price in 2011) to over $1,700 today.
It seems that within the last 10 years the price of gold has been unstoppable and has continuously gone up regardless of market trends. Are those prices here to stay, or is gold going to keep up its momentum?……………………………………….Full Article: Source

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This post was written by:

VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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