Sunday, August 10, 2008

Gold falls but slighly on the island

As US dollar drains from gold, lowering the gold's price, the speculators are not successful at taking advantage of this lucrative opportunity to sell that gold back here in Attland. As soon as any gold becomes available to the free market or banking, it is used to pay the real time expenses. The Government has no intention of easing the gold interest rates, or leas rates for that matter, hence the gold price according to Queen's fix is at $1215 per Royal crown, which makes a troy ounce cost $999.78, having fallen below the psychological barrier, as anticipated (see the chart)

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