Tweet On the last day of October 2007 the gold price briefly returned to $800 an ounce for the first time in 27 years. But the “Baltimore Sun” commented that this number, which “sent jaws dropping” in 1980, was unlikely to shock anyone today. Adjusted for inflation, the $800 of 1980 would be about $2,000 […]
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Gold at $800 by year end?
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Tweet According to “Money Week”, in view of the likely continuing uncertainty in credit markets, James Moore at TheBullionDesk.com says the price of gold can be expected to reach $800 an ounce by the end of 2007. The magazine points out that investors are further increasing their holdings by means of exchange-traded funds or ETFs […]
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