Team Spirit Team Spirit

we love blogging

Tuesday, 15 January 2008

All that glitters is Gold


Gold may come in and out of fashion but as an investment it seems to be a consistent performer. Spot prices in London saw Gold hit $914 an ounce with the cost of bullion increasing 30% in 2007.

As Gold is priced in dollars it has become cheaper for holders of other currencies to buy it helping fuel the price increase.

This might just be the excuse I need to delay that eternity ring Mrs Pete has been hinting at. Will a barrel of oil be an acceptable alternative?

No comments: