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Yes. Gold is a comodity that is traded in the markets like any other comodity.
The recent rising price is a function of supply and demand. If for any reason demand for gold increased far beyond the ability to supply then the price would increase. Because gold is a finite natural resource, we've seen a surge in gold prices as world demand has risen.
However, a price of $1000 per ounce would probably require a major problem with the supply line.
Visit http://en.wikipedia.org/wiki/gold_as_an_investment for the latest information on gold, complete with graphs and images.
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How much is 1kg of gold worth?
1 ounce = 28.35grams 1 ounce = $1386 Australian Dollars $1386/28.35 grams = 48.88 = $48.9 for 1 gram of gold 1kg = 1000grams Cost of 1kg Gold = 1000 *48.9 = $48,888.90 So 1kg of Gold is worth about $49k in Australian dollars at today's gold price of $1386 per ounce.
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