Archive for the ‘Gold’ Category
Detailed Gold stats and analysis for Q4, 2009 – Update 1
Now this report is also a part of Manual of Ideas and Seeking Alpha
Here is the detailed stats and analysis using the data from World Gold council, US geological survey and other
sources.
Historic gold, silver, oil prices and their relationships
Here is the result of some data collection on gold, silver and oil. Enjoy the charts 
.
Did you know that the gold price in 1793 is about 20 dollars/ounce (ounce = ~31 grams) and now it is about $800 (about 40X gain in 300 years). http://goldinfo.net/yearly.html
Here is the 600 year history of silver and gold-silver ratio. http://goldinfo.net/silver600.html
What’s happening with Gold?
Gold had the biggest monthly drop since 1983, last month. It dropped 18% in that month to about $700/ounce (1 troy ounce approximately equals 31 grams). It seems counterintuitive given the fact that crisis generally increases the price of gold, and October is the month of peak credit crisis.
