Gold price per ounce (31,10 grams) has had rising values during the last three years. Quite different from the path of most of other tools of investment as copper and many other commodities. Not to mention the stocks markets and all of its products, which had caused big losses around the world.
People investing in gold had enjoyed of profits on the middle of 2008-2009 chaos. Realize by yourself watching the following prices.
GOLD PRICE AVERAGE PER YEAR IN US$
per ounce
2007 $ 695,37
2008 $ 871,96
2009 $ 904,48 ( up to April 24)
per kilo
2007 $ 22.357,31
2008 $ 28.034,16
2009 $ 29.079,71 ( up to April 24)
per gram
2007 $ 22,36
2008 $ 28,03
2009 $ 29,08 ( up to April 24)
You can read everything about gold price statistics :
http://66.38.218.33/scripts/hist_charts/yearly_graphs.plx
Many analysts expects the price to reach US$ 1.500 per ounce or US$ 48.226,12 per kilogram or US$ 48,22 per gram, by the end of 2009 as the economic forecast have shadows due to the large debts governments are obtaining to rescue their economies. So there are serious concerns about inflation and harsh times for governments to meet the payment of such liabilities. So gold will have a strong demand for quite a long time to stay away from currency inflation and instability of other investment instruments.
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