Banking on gold

  peter99co 17:36 08 Oct 08

1999: Prices lowest in 20 years after Gordon Brown urged Bank of England to sell half its reserves
These were sold in 17 auctions between 1999 and 2002 for average of $275.6 an ounce

Currently about $900 an ounce
In March it surged through $1,000 mark for first time

click here

  Pineman100 17:43 08 Oct 08

Yes, hindsight is a wonderful gift.

If I'd known 6 months ago what gold would be worth today, I'd be a rich man. But I didn't - just as our beloved PM didn't know in 1999.

Hang on... did I just sound as though I was supporting Gordon Brown??!

I'm so ashamed.

  Condom 17:43 08 Oct 08

Yes and lucky old me bought 20 baht's worth in Thailand 3 years ago. No good buying the normal gold from shops which is mostly 9 or 18 K and pretty worthless. But of course what goes up can come down (excluding bankers' bonuses of course) so like everything in life it is a risk.

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