Well, folks....one only has to look at the Gold Price (U.S.$ / ounce) post - 9/11 to arrive at certain conclusions.
Image source of graph is kitco.com :
My take :
The price covers a time range from 1975 - 2008 ...i.e. 33 years . I see a humongous peak round 'bout 80....time span is relatively moderate.
But check out how gold price is climbing steadily post- 9/11 !
In fact, the spike started from 1978....about the time when there was the OPEC First Oil Crisis, I guess......
But, remember, that was a relatively peaceful time....
The climb post December 2001....goes on and on and on....
PLUS......THIS IS IN DIRECT CORRELATION WITH THE ESCALATING GLOBAL TENSIONS.
But, then...the IMPORTANT QUESTION IS : how far has it climbed - % wise ?
If you look at the %wise climb ......I believe, one can STILL BUY GOLD.....
Wait till 5 years till the world is a bit calmer.....& SELL.....
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