Topic: Economics
Gold Reaches an All Time High......Daily Gold and oil reach new highs almost daily as the dollar dwindles.by Kipper Mathews
(Libertarian)
Thursday, February 21, 2008
With uncertainty in the stock market and the housing industry over the last year created by a sluggish economy and the decline in the dollar, gold and oil continue to rise at a historical rate. While the Brent crude oil price creeps to $100 per barrel, gold peaked at nearly $953 per ounce today, it's highest in history.... until tomorrow. Gold prices have been on a steady incline since mid August of 2007 when it was roughly $650 per oz.
Investors who last year were speculating that the price of gold would reach over $1000 with-in a year weren't to far off, observing the current level. New estimates are hinting that gold may elevate to much more than that 1K mark with-in the next 6 months.
VIEW POINT:
In 2007 when I heard that the price of gold was about to double, I decided the best way for me personally to invest in gold was to purchase a mining claim, rather than buying gold coin.
I'm now constantly watching the price of gold and I have a fair idea of where it is headed. So... thought I might share, with those who care, my un-scientific predictions along with view points of other gold watchers and current market prices. Starting Monday.
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2008 Kipper Mathews, all rights reserved.
Published: Thursday, February 21, 2008
Last modified: Tuesday, March 4, 2008
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2008 Kipper Mathews, all rights reserved.