My 2 Cents on the Current Gold Price
Gold is a hot topic especially with the ‘GO FOR GOLD’ Olympic season in Beijing, China nowadays. How about the real gold for people to store their value of money? August 22nd 2008: Gold has taken a price plunge from its highs of $800-$1000 down to > $770 recently.
Gold investors who have their gold value in the plunge are hoping for the gold price to recover & go up once again. Now, according to the economy law of supply & demand, new investors considering gold is now wary after the significant gold price-drop hence the demand is low for gold. The anticipated low demand for gold means that the gold produced to satisfy the demand before the price drop previously is of over supply. Stay Tuned: Another Gold Price Plunge Makes Sense
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