Tag: gold prices

Is it time to invest in Gold?

Is it time to invest in Gold?

Trading Articles
People'sĀ fascinationĀ and wonder for this 'Yellow Metal' never shows signs of fading irrespective of how high or low Gold is trading in the markets. And this is partly due to the fact that people still consider Gold to be a much better investment than any fancy product our fiat money could build. And as we have seen from the Cyprus banking crisis, even "insured depositors" are at risk should things get any worse. Gold currently is in a downtrend, with prices averaging 1540 (with a further likely drop to 1535/37) for 10 ounces. Refer to the 5 year chart below. It was only two years ago that Gold prices peaked at 1855 (Oct, 2011) while historically, Gold hit rock bottom at 1300 in January, the same year. If we take an average of the high and low prices of Gold, we are somewhere in t