10/07/09 Stockholm, Sweden – Gold has been skyrocketing in value lately. The question, of course, is… when it will stop? Or, drop? Or, will it?
Today Bespoke Investment Group offers some additional insight into the factors that have been accelerating gold’s increase in value. Particularly when compared to other commodities, such as oil, gold is outperforming.
The explanation offered is that gold’s upward trend is being driven largely by the continued weakening of the dollar. This makes sense in light of its performance relative to other hard money commodities such as silver and platinum which are also trading higher. Copper, on the other hand, has been losing value over the same time period.
Bespoke Investment Group offers a review of additional commodities, including charts, as part of its Think BIG blog commodity snapshot.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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You call this an article? Worthless! You do not offer even ONE fact.