Precious Metal Shows No Sign of Losing Its Sheen Gold: Price Explosion High Demand and Inflation Fears Drive Market
Sunday Herald › December 20, 2005
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Summary
IF the English lexicographer Samuel Johnson was right that "the lust of gold [is] the last corruption of degenerate man", the world must be teeming with degenerates right now.
A speculative rally - fuelled by the prospect of central bank buying, plus strong retail demand in India and China - has pushed up the price of gold by about 25-per cent in the past year.See the full content of this document
Extract
Precious Metal Shows No Sign of Losing Its Sheen Gold: Price Explosion High Demand and Inflation Fears Drive Market
When the London Metals Exchange reopened for business on January 4 2005, the spot price for the shiny precious metal was dollars-427 per Troy ounce. It closed at dollars-507 per ounce last Friday.
This rally has been p...See the full content of this document
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