Gold Tops Last Year’s High
I’ve been spending the past few days writing and re-writing B-school essays for the Jan 3rd deadline. Wasn’t going to post until the 4th, but with gold breaking previous records, I just had too!
Gold is currently trading for $857/oz, beating the previous high of $850/Oz that was set 28 years ago! (although the intra-day price was nearly $875, it didn’t close at that price). Gold was up a stellar 37% in 2007. How does that compare to other investments?
Dow Jones: 6.4%
S&P 500: 3.5%
NASDAQ: 9.8%
Oil : 57%
Shanghai : 96%
Brazil: 76%
India: 74%
Ireland: -25%
Venezuela: -29%
According to CNNMoney, the best and worst US real estate markets in 2007 were:
Bismark, ND: 15.3%
Salt Lake City: 14.5%
Yakima, WA: 13.6%
Binghamton, NY: 11.4%
Charlotte, NC: 11.0%
Palm Bay, FL: -12.4%
Sacramento, CA: -10.5%
Sarasota, FL : -10%
New Orleans, LA : -8.2%
Hagerstown, MD : – 8.0%
So what lies in store for 2008? Will gold hit $1,000/Oz and oil $125/barrel? Will the average national house price which dropped 3.3% last year drop another 3-4%? I bloody well hope so!
If you found this post helpful, consider donating to my coffee fund!- How I Made $2,667 In Passive Income In March '08 Finally I'm getting some traction with my passive income! After all, that's what this blog is all about. The total for March 2008 is $2, 667.18, and I'm ecstatic to have broken the $2,500 per month barrier. If I can sustain it at $2,500 per month, thats $30,000 per year.......
-
Gold Jumps: Has It Become Correlated To The Stock Market? I've been an avid collector of gold and silver coins and have been following the prices for a years. Gold is supposed to have a negative correlation with the stock market. This year has proved otherwise. Of course, as we've seen repeatedly in the past, all asset classes correlate to...... - Have Gold Prices Peaked? In case you were asleep, last week saw gold break all records and almost closed at $900/Oz. I still think its a good time to buy for long term investors. Lets see what other investment advisers think. According to Merill Lynch, we're already in a recession and according to Richard......
Related Websites
- Don Steinitz On Fibonacci Ratios And Bollinger Bounce Get this 1 Minute Forex Trading System FREE that make money instantly anytime you want. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Discover Don Steinitz's Forex Fractal Breakout Custom Indicator that can make you a lot of pips. Don Steinitz: Fibonacci Who? We will......
- U.S. Air Mail Stamps Stamps -> United-States -> Postage Collecting US Airmail stamps has become such a popular hobby, by both those who collect all sorts of stamps and those who are just interesting in United States airmail stamps, that there are clubs and associations based on just that hobby. The American Air......
- Gold Dividends: 11 Mining Stocks That Pay Them So, you'e a cashflow investor. And you want to be a part of the commodities boom. The problem is that a lot of agriculture and resource stocks don't pay dividends. Many of them can't, I imagine, because they're capital-heavy and need to reinvest all funds into their future projects because......
[All content is copyright of Living Off Dividends & Passive Income]







Leave a Reply