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 Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
You call this an article? Worthless! You do not offer even ONE fact.