Gold Update

Gold Bar

On September 19, 2007 I bought some gold. It was not gold bars, but shares backed by gold bars with the ticker symbol GLD.

GLD was priced at around $71, today it reached more than $85, a generous 19% increase within less than 4 months.

GLD - Gold Performance

My prediction is that gold will rise further as oil prices increase and the US federal reserve devalues the US dollar more with lower interest rates and increased liquidity to help bail out the banks and financial institutions caught in the sub-prime quagmire.

Happy investing to all.

No comments:

Post a Comment