Getting the Gold Bug

Physician's Money Digest March31 2005
Volume 12
Issue 6

The big question about the recentrun-up in the price of gold is whether it'sover. In the past 5 years, gold has turnedin a shining performance, convincinglybusting through the psychological$400/ounce barrier to trade currently atabout $435. Is the next stop $500 or$300? On the plus side for the glitterymetal is the US dollar's continuing slide,since the dollar usually moves in theopposite direction of gold prices.Demand is up, too, while supply is down,as many mining companies cut back onoperations when gold was going throughthe doldrums. Expert consensus says thatgold may have some more upside room,but don't look for the price to get anywherenear the $900/ounce that the preciousmetal weighed in at in 1980.

Related Videos
© 2024 MJH Life Sciences

All rights reserved.