Water Cooler Wisdom

Everything that is really great and inspiring is created by the individual who can labor in freedom. --Albert Einstein

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Location: NE Minneapolis, Minnesota, United States

Everything that is really great and inspiring is created by the individual who can labor in freedom. --Albert Einstein

Thursday, August 11, 2005

Gold Touches $450 Per Ounce


Though it's back down to $444, spot gold prices briefly surpassed $450 per ounce, just a couple of dollars below it's 10 year high. In the last 30 days, gold has risen $21+.

There's been a lot of talk about gold investment in the last two years. If you listen to AM1280, the Patriot, Minneapolis you hear the commercials a couple of times an hour. I'm not an investment adviser, nor am I making any recommendations to the potential of the investment, but if you enjoy economics and global markets gold is one of the more interesting investments to follow.

Even if you don't invest, researching some of the historical charts and comparisons (like gold vs. inflation, oil prices, deficits, etc.) can be a very enjoyable worthwile learning experience.

If you are intrigued by the idea of metals investing as a hedge or compliment to other investments, but are intimidated, you aren't alone. I'm amazed at how many extremely successful people feel the same way. Some even feel that way about stocks and bonds. Like anything else, do the research, talk to people you trust (preferably those that have been successful in investing over the long-term), and get informed. Make your descision to invest or not based on information, not ignorance.

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