The current price of gold is pretty high.
As long as the recession is biting, investors tend to run to the hills for the safety of gold. When the recovery comes, you will see a fall back in the price of gold.

Shares to watch....
Kazakymys
Aquarius Platinum

It certainly is and Gordon Brown sold 60% countrys gold when the prices were at there lowest for 20 years. If he'd have waited we'd have been £5bn better off

I can,t understand the obsession with gold although it is a lot rarer than diamonds which are plentiful. The reason diamond prices are extortionate is down to a company called De Beers but diamonds are not scarce at all so their price is artificially high but people will catch on eventually.

I often wonder what is the point of hoarding gold. Could the world do without it do you think ? I really don,t know.

When I was younger I remember a TV series called Survival in which 95 % of the worlds population perished in a terrible epidemic. One of the survivors tried to hoard as much gold as he could. Seemed a daft thing to do but I suppose that's the way of things.

I wish the weather would improve so I could go watching rugby again.

One final thought if gold is so valuable to society as a whole why is the majority stored in Fort Knox ? Hope it doesn,t get pinched in case they blame David Dozy Knownothing Lightweight Cameron.

The majority is not in Ft Knox. It's in federal reserves around the states.

It was SURVIVORS Frank (one of my favourite ever 'shows').

Oh well but it's not doing much good is it just lying there doing nothing.

Makes me think if the world came off the gold standard in the thirties in an attempt to boost world trade if it has worked.

Thanks Fred well I am older than you.

Still can,t see the reason it is so valuable to be honest I think I,d rather have a week in Benidorm than spend the same amount on a bit of jewellery.

Quite right Paul. Just got home from a scruffy part of Salford. Seems gold is usefull in treating athritis and electrical stuff (had it been down to me I would use platimun).

Better to use paper maybe . Gold really doesn,t do a lot for people explain why American dollars do ......................just pieces of paper aren,t they ?

wish I had some to sell

Gold is valuable because it is totally worthless , it has no use whatsoever , unlike virtually every other metal in the world

Wierd

I thought here in the West we used gold to buy oil ? Doubt it somehow.. Maybe the reason the Americans get theirs with about 90 pieces of paper with one of their former presidents' face on is because folk are daft.

Water will be more valuable than gold eventually, Course I,ll be gone by then' but it will happen.

Anyone think Tuesday's game will be on ?

You been watching a James Bond movie Frank

Well if it isn't because the bloody path over the bridge is not safe again , I'll go bloody mad

James Bond? Sounds more like the Book of Revelation to me!