Have you heard of this term “Old is Gold”? When human grows old, their functions slowed, their values are compromised, their memories waned and their usefulness may be reduced tremendously. Then the term “old is gold” had been coined to add value to aging people. Gold then became the measuring tool. Why GOLD? As everyone knows, gold is an unfading metal of great and undiminishing value.
With that in mind, shall we say that “Gold” is a valuable metal sort after by all. In other words we can summarise that “Gold” has value. Lets take a look at how much the value of gold has been moving from year 2003 till current:
- 2003 - Gold at $382 dropped to $319 (-16%)
- 2004 - Gold at $425 dropped to $375 (-13%)
- 2005 - Gold at $536 dropped to $489 (-9%)
- 2006 - Gold at $725 dropped to $560 (-22%)
- 2007 - Gold at $841 dropped to $778 (-8%)
- 2008 – Gold hit $1002 on Mar 17 then dropped to $786 on Aug 15 (-21.5%)
If you look at the above trend, you will see the fluctuated percentage is highest at 22% in a year and this year, gold has hit top value at $1002 per oz and has dropped back to $786 on 15 August, a reduction of 21.5%. Question is …. Is it at its lowest? Also, is it time to invest in gold yet?
Lets take a look at gold price compared to oil price…. Is there a trend for us to follow?
|
| Gold in USD | Oil in USD |
| 31 January 2008 | 928.20 | 92.00 |
| 29 February 2008 | 975.00 | 101.00 |
| 31 March 2008 | 915.70 | 106.04 |
| 30 April 2008 | 876.60 | 114.06 |
| 31 May 2008 | 886.10 | 126.00 |
| 30 June 2008 | 924.90 | 143.00 |
| 31 July 2008 | 913.30 | 124.08 |
| 15 August 2008 | 786.00 | 113.77 |
Alright now, I have done a simple research and a true to life comparison, now you are the one to decide whether its gold you want to invest in and if yes, is it now that you want to go into gold….. the decision is yours to make and the money is yours to earn.
Happy Gold Hunting!!
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