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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.
Wiki User
∙ 2015-07-15 21:02:46
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