16 October, 2009

gold

Price of gold in 1907 = $20.67 per ounce

 annualised growth rate in gold(NY mkt price) & dow jones

1897-2007 = 3.25% in dow #5.59%     


2000-2007=13.96%   #2.98%            Iraq war

1950-2007 =5.39%   #7.48%

1900-1950 =1.06%  # 3.20%            two world wars plus great depression

1970-1980=32.62%  # 1.70%          Oil shock & break-down of bretton woods

1970-2007=8.31%   # 8.04%

1791-2007=1.67%   # n.a

Its interesting to know that gold moves faster on anticipated economic events rather than simple political events.
 
The present co-relation is very strong between gold and the Euro . Gold being in new uncharted territory.
Domestic demand is very high keeping the Rupee price well supported. Guess what would happen if any of the large central banks decide to monetise a part of if to fund the gaping hole in the pockets due to `08 bail-outs.
 
Its precisely due to off-beat events like these that Fuzzy always suggests you "manage" your risks and not "run"the risks so that your company can tide over the next Tsunami. 
 
Wish you all a happy and a Golden diwali !!
Posted by Fuzzy Logix at 4:57 AM

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