Showing posts from November, 2010

As published in Nashville Christian Magazine Dec 2010

Gold hits $1400 per ounce. Less than a dozen years ago, gold was trading at a multi-decade low of $260 per troy ounce. The events of September 11, 2001 set into motion a series of events that can be traced as the origin of today’s world record price of $1,400.00 per ounce. Up over $300 per ounce in the past year alone, and with recent actions and announcements by the US Federal Reserve, it seems that gold wants to test even higher levels. $2,000 gold anyone? Gold was up over 25% in the last year. Is this normal? Will it continue? We get questions like these every day, but polish our crystal ball as we may, no magic answers appear! But what we do know is that like any other commodity, the price of precious metals is cyclical and runs in phases. For many of the years between 1982 and 2002, the price of gold hovered consistently in the $400 range. Boring and almost lifeless, often called “a relic of the past”, gold was looked down upon by the mainstream investing media. But