MagazineOct 7, 2010
All That Glitters Is Gold
All that glitters is gold. While the housing markets collapse, the stock market stutters and the world's economy is waiting for the next dip the price of gold is marching onwards and upwards. People are taking their money out of bonds, stocks and blue chip companies and pouring it into that shiny metal made by Mother Nature. During the last 5 years (Oct 05 - Oct 10) the price of gold has moved from $450 an ounce to $1350 and ounce. An almost 300% rise. If you need money forget about selling your shares, just pawn your wife's wedding ring.