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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


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VRS - who has written 40203 posts on Opalesque Commodities Briefing.


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