Pete
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?
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Tuesday 15 January 2008
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