Gold Price: The ascent

It is now US$ 1990 an ounce.

One can see the price in the past 3 years, has climbed from $1200 to $1990.

One non-metallic property of gold (Au) is that it can be used as a hedge against rising prices, thus inflation.

And in these politically uncertain times, and when there is huge inflation in the economy, labour shortages, and potential labour shortages, commodity shortages, such as crude oil, Gold holds its value and rises again a back drop of rising inflation

Leave a Reply

Your email address will not be published. Required fields are marked *