Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, December 1, 2008

Gold Investment

Gold has fallen 30% in 8 months from a high of USD 1002 to about USD 766 as global slump curtails comm0dity use of metals; basic and precious.

Silver plunged almost 50% in the same period from USD 20 to about USD 9 while platinum dropped 65% from USD 2300 to USD 800.

The Reuters/Jefferies CRB Index of 19 raw materials has dropped 35 percent this year. Commodities often move in the opposite direction of the U.S. currency.

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