Wed, Sep 17, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

Gold’s appeal fickle in troubled times

Posted on 26 January 2009

From Iht.com: The price of gold has declined in dollars with that of other commodities, and has been pushed down by hedge funds that sold their gold holdings to raise cash in September and October. But in British pounds it is still at an all-time high, at 560 pounds per troy ounce compared to 450 pounds a year ago because of the recent dramatic slide in the British currency’s value.

Gold, the metal the wealthy around the world have hoarded for centuries, is recognized and valued all over the world, can be stored in underground vaults or in your wardrobe, and does not rely on complex financial instruments….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36970 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930