Historically gold has always been a valuable assets and has never been worth nothing. I don’t think there will ever be a day when gold has no value.
Gold futures fluctuated between small gains and losses Wednesday, retracing some of the previous session’s steep gains but keeping above the psychologically important $1,800-an-ounce mark. Read Gold prices prediction for september 2011
Gold for December delivery +0.52% recently added $3.60, or 0.2%, to trade at $1,833.10 on the Comex division of the New York Mercantile Exchange.
Gold has risen roughly 12% so far this month, and nearly 30% year to date. The contract jumped $38.20, or 2.1%, to $1,829.80 an ounce in New York on Tuesday. See report on Tuesday’s gold trading.
Any level below $1,800 per ounce should see some buying because when prices went to $1,900, many investors were on the sidelines.
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