In March, gold price is at 640USD/oz. It has steadily increased since then. Today, the price is at 801USD/oz. My gold savings has earn me an interest return of 9% in just 6 months!
To my understanding, gold market goes by simple theory. When economy is good, gold will depreciate. When economy is bad, it will appreciate. Of course, anything can happen. However, I still believe that gold price will continue to increase further till end of this year.
Monday, November 5, 2007
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