Gold

[Wizard]

Most of it is in Bank vaults...USA and EU. Total volume of gold mined over history is approximately 153,000 tonnes.

[Wizard]

I just worked out the total value of Gold is $3736 bn. About the same as the GDP of UK

[#3]

A new day has dawned...do we see 9/900 today?...root canal / play the market / volunteer work in northern Siberia...hell at least we still have options!

[#4]

The gold price IS rising. The Gold shares aren't. eg: October 2007 to October 2008 (approx prices). $752.7 and R5156.00 to $868.60 and R7582.88. = $ incr of 15.4% and R incr of 47%. Not too bad!

[milko]

the gold price not performing could be a drop in demand from the jewellery industry?! It is still the biggest user of gold isn't it. The grass roots consumer is seriously out of pocket under the current credit squeeze and the last thing on his mind, let alone shopping list, at present, is jewellery. So perhaps demand from investors rushing into safe havens such as gold, is equal to or less than the drop in demand from the jewellery industry, thereby causing a drop in price. What does everyone say?

[Shaun_Siddall]

UP to 8100 R/Gold..... Perfect hedge in these markets!