the clues for me..., page-7

The current gold price is around US $1241 an ounce

THE AUD to USD conversion rate is 0.89 US Cents for each AUD

That means one ounce of gold is currently at around $1400 AUD

12 months ago, $1 AUD bought about $1.06 USD and an ounce of gold was about $1500 USD an ounce - that converts to about $1415 AUD per ounce.

The price of gold (except for in 2012) has pretty much bounced around the $1200 to $1400 AUD per ounce for the last 5 years. In fact, prior to about half way through 2008, the price of gold was below $1000 AUD per ounce.

Of course, Mid 2008 was when the GFC hit.

Have we recovered from the GFC, are we more likely to head twoards pre GFC levels or post GFC levels.

I think there is still plenty of uncertainty in the world, especially after the Sharemarket performance of the last few years (excessively high).

WHat would Warren Buffet do? He would say, when people are in fear, buy, when people are in euphoria , sell.

People are currently in fear about gold. People are currently in Euphoria about the Sharemarket.

Answer the question yourself.