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Five Ways To Profit From Gold’s Steady Advance in 2009
Gold hit two historic milestones in 2008.
First, it hit its all-time high of $1,030 an ounce in early March.
Just three months later, the price of gold for December delivery fell to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Most gold bugs were equal parts heartbroken and puzzled. Global stock markets tanked alongside the world’s biggest economies. But so did gold, which is widely considered to be a safe haven investment when everything else in spiraling south.
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Five Ways to Play Gold’s Rebound to $1,500 an Ounce
Gold hit two historic milestones in 2008.
First, in early March, the “yellow metal” hit its all-time high of $1,030 an ounce.
Just three months later, the price of gold for December delivery had plummeted to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
Most gold bugs were equal parts puzzled and broken-hearted. The world’s stock markets tanked, as did some of its biggest economies. In such an environment, they thought, gold should have risen.…
25Dec2008 | Money Morning | 0 comments | Continued
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