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If you can figure out the price of gold (or any other commodity for that matter) you're a better man than I am Gunga Din! Generally speaking, gold thrives on adversity. When the economy is in the crapper and money is devalued (or altogether worthless circa Germany in the 1920's) gold goes up because people flock to it as a traditional store of wealth. It maintains its value, even in the worst of times. Gold has never been worth zero, while many nation's currencies have sank to that level at times. On the other hand, there are times when the value of gold goes up (or down) for no particularly good reason. So like I said, if you can figure it out, you're a better man than I.

2007-08-15 09:20:18 · answer #1 · answered by texasjewboy12 6 · 0 0

If you question is related to the UK Gold Reserve

then you might be surprised to know there is no gold reserve anymore in the UK it was sold off a few years back.

The idea of tons of gold sitting in the Bank of England doing nothing was thought to be outdated, so it was sold.

2007-08-15 16:39:18 · answer #2 · answered by conranger1 7 · 0 0

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