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Gold Setting Records in Non-dollar Currencies
Gold’s performance in 2008 could look like a real yawner.
After all, it only managed to eke out a 5.7% gain. Not the kind you’d normally brag about over cocktails.
As we rang in the 2009 New Year, gold at $850 an ounce (in U.S. dollars) was roughly 15% below its all-time record high, set in March 2008.
But everything in life is perspective. In a year when oil lost 59%, the Standard & Poor’s 500 Index was down 38%, and the Dow Jones Industrial Average gave back 30%, things could certainly be worse for gold bullion investors. Much worse, in fact. Just ask the typical…
17Feb2009 | Money Morning | 0 comments | Continued
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