Hello my dear readers,back to 22th Sept,when the gold price broke $1000 per oz,I said because of seven reasons,which you could find as follows,the gold was becoming stronger.
“ No.1,Gold is a commodity. No.2,Gold always a safe-haven for investment. No.3,The U.S. Dollar is still weak. No.4,The economy is still under recession and the US government is printing money. No.5,The supply of gold is slowing down. No.6,the demand of gold is increasing sharply. No.7,Many countries want to make their currency the world currency. “It is not anything big if you did not buy any gold after that.Because,you do not lost anything while the gold market is become good and maybe you had done some other kinds of investments which might have brought you great profit.But just in case,you have read my post and did some great investments.Then I do have some nice news for you.The gold in 18th Nov,2009 has broken $1,142 per oz.You can check the chart here below for gold price on 18th Nov,2009.:
Gold price on 18th Nov,2009.
What is that standard for you guys who want to become rich.The gold price in 22th Sept was just at some point around $1,000 per oz,if you had done some investments,now you can easily calculate your profit:
Gold price from 22th Sept,2009 to 18 th Nov,2009.
| Investment($Invest-amount) | Current value | Profit($Profit) |
| $10,000.00 | $11,420.00 | $1,420.00 |
| $100,000.00 | $114,200.00 | $14,200.00 |
| …… | …… | …… |
So how is your income?Anyway,you still can keep the gold as a money investment form,the gold will not make you lost money as the dollar is still weak,more people need gold both as a commodity and Investment.
I am much pleased to keep you informed with the gold market when there are some nice signals appear.
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