Saturday, March 15, 2008

Gold crossed $1000 mark

A busy week for me, trying to do some catchup in the weekend.

Gold price (April future) reached historical high this Thursday and briefly crossed $1000 per ounce. This is extraordinary. With inflation adjusted, gold price is still below the record of $2,239 reached in 1980. The graph below gives you a nice historical perspective (click to enlarge).