Gold Price Drop – Money moving back into Stocks
March 8, 2013
There’s only so much money in the world and investors move it around between a number of investment options including stocks and shares, property and gold or other precious metals.
With the stock market and housing market taking a big hit the price of gold rocketed as investors rushed to put their money somewhere it could make a profit. Now, with the stock market recovered and prices rising the price of gold is dropping.
Down from a high of over $1900 per ounce to under $1600, a drop of around 16%, it seems likely that as stock prices continue to rise the price of gold will keep going down.
Please remind me the next time the stock market crashes to quickly buy some gold – thanks!