Gold Price High

www.australianbullioncompany.com.au Why is the gold price high and why is it expected to keep going up? This video interview asks and answers these questions. Video Transcript GOLD PRICE HIGH Hi, Im Dr Marc Dussault and Im here with Peter August, CEO and Managing Director of Australian Bullion Company. And were here videotaping a series of youtube videos to explain certain things about gold investment. And this particular video is focused on why the price of gold has gone up so much, so quickly, at least in the eyes of the public. This is an ounce of gold, about a year ago how much was this worth? Actually back in 2000 and in US dollars, how much was this worth in more or less the year 2000? Okay. In more or less the year 2000 this was worth US$258. So US$258. Thats the low point that gold got to. About a year ago how much was this same $258 asset that was purchased in 2000? In US dollars it was about $800. About $800; so from 250 to 800. Now how much is this worth today, November 2009, in US dollars? Its actually just at an all time high right now, so its $1116. Wow! So thats an incredible growth. Now a lot of people think that this has actually only occurred in the last you know 6 to 12 months, but in fact we were chatting the other day and you were saying that in fact this is a growth curve thats taken place over several years. Thats correct. You see what were having now is were having a large influx of money from individuals Yeah. Wealthy or non wealthy individuals …