1. Monday, April 12, 2010 - 9:31 PM
Gold holdings produce no income as in interest or dividends.
Meanwhile, from Wikipedia:
"In March 2008, the gold price exceeded US$1,000, achieving a nominal high of US$1,004.38. In real terms, actual value was still well below the US$599 peak in 1981 (equivalent to $1417 in U.S. 2008 dollar value). After the March 2008 spike, gold prices declined to a low of US$712.30 per ounce in November. Pricing soon resumed on upward momentum by temporarily breaking the US$1000 barrier again in late February 2009 but regressed moderately later in the quarter.
After fluctuation returned near the US$1,000.00 mark in mid-September 2009, international gold markets peaked at US$1,023.30. Pricing later declined moderately again in late September 2009, falling back to US$991.70 for the week ending on September 25, 2009.
Later in 2009, the March 2008 intra-day spot price record of US$1,033.90 was broken several times in October, as the price of gold entered parabolic stages of successively new highs when a spike reversal to $1226 initiated a retrace of the price to the mid-October levels.
Financial commentator Jim Rogers predicts that gold will reach US$2000 per troy ounce without citing a time frame. Some analysts attribute this to central banks diverting their reserves away from US dollars. However, economics professor Nouriel Roubini sees another investment bubble that will burst spectacularly."
Gold holdings produce no income as in interest or dividends.
Meanwhile, from Wikipedia:
"In March 2008, the gold price exceeded US$1,000, achieving a nominal high of US$1,004.38. In real terms, actual value was still well below the US$599 peak in 1981 (equivalent to $1417 in U.S. 2008 dollar value). After the March 2008 spike, gold prices declined to a low of US$712.30 per ounce in November. Pricing soon resumed on upward momentum by temporarily breaking the US$1000 barrier again in late February 2009 but regressed moderately later in the quarter.
After fluctuation returned near the US$1,000.00 mark in mid-September 2009, international gold markets peaked at US$1,023.30. Pricing later declined moderately again in late September 2009, falling back to US$991.70 for the week ending on September 25, 2009.
Later in 2009, the March 2008 intra-day spot price record of US$1,033.90 was broken several times in October, as the price of gold entered parabolic stages of successively new highs when a spike reversal to $1226 initiated a retrace of the price to the mid-October levels.
Financial commentator Jim Rogers predicts that gold will reach US$2000 per troy ounce without citing a time frame. Some analysts attribute this to central banks diverting their reserves away from US dollars. However, economics professor Nouriel Roubini sees another investment bubble that will burst spectacularly."
1
