Tuesday, February 17, 2009

gold on its way back to the far from far-fetched $1,000 oz

As I write this I am watching gold sit just under $970/0z.

I read this article on Moneyweb this morning.

As a matter  of intrest we saw this morning, the highest price for a Krugerrand ever! R10,320.
Where is the price going to go? experts are saying that it will hit $1,100 + by the middle of the year. What does this mean for us? Well if the R/$ stays at around R10 we are looking for a Krugerrand price of atleast R12,000 



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