Gold News

What's Special About $1500 Gold?

The US Dollar's latest plunge highlights the golden constant...

SO THE Gold Price has passed the $1500 mark, writes Adrian Ash at BullionVault.

Is this significant? Not really. In fact, there is nothing at all special about a $1500 Gold Price. Absolutely nothing.

There's no more or less of the stuff in the world today than there was a day or a week ago, and very little more than a month ago. There's barely 15% more today, in fact, than there was a decade ago at $270.

Gold still has very few industrial uses – only 11% of 2010 global demand – and the stuff remains indestructible. It never changes or does anything. Hell, it won't even rust.Gold and the Dollar Index

But what is changing is everything else – the volume and quality of debt, in particular, and the volume of US Dollars most especially. That's what makes the golden constant stand out against the noise of the Dollar's latest plunge.

Want to anchor your wealth to the golden constant? You can buy physical Gold Bullion quickly and easily with BullionVault...

Adrian Ash

Adrian Ash, BullionVault Gold News

Adrian Ash is director of research at BullionVault, the world-leading physical gold, silver and platinum market for private investors online. Formerly head of editorial at London's top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and he has now been researching and writing daily analysis of precious metals and the wider financial markets for over 20 years. A frequent guest on BBC radio and television, Adrian is regularly quoted by the Financial Times, MarketWatch and many other respected news outlets, and his views from inside the bullion market have been sought by the Economist magazine, CNBC, Bloomberg, Germany's Handelsblatt and FAZ, plus Italy's Il Sole 24 Ore.

See the full archive of Adrian Ash articles on GoldNews.

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