email:  
 
 
  
 

Wednesday, November 30, 2005

Just How High Can Gold Go?

Strong demand for commodities, creeping inflation, and growing interest in safe-haven investments have pushed gold futures to their highest price in roughly two decades. Many traders and investors are wondering just how high the price of gold can go. The last time Gold futures traded at or above $500 per ounce was 1987. To surpass that price again and to climb to even loftier levels, the global economy would most likely find itself in the midst of either a serious geopolitical conflict or would be facing the prospect of runaway inflation. Read More...