Monday, 18 July 2011

New meaning to 1000 gold - 1000 Pounds Sterling! 2011-07-18 21:46 BST

There is now a new significance to 1000 gold. When I started this blog, gold was challenging its old 1980 high at $850 in late 2007. It then hit $1000 in 2008 before the credit crunch. One thousand Euros gold €1000 came in 2010 in the teeth of the first real show of the Greek crisis in the Eurozine. Now, today, gold temporarily hit £1000, 1000 pounds sterling, my country's ever depreciating currency. I wondered if this would ever happen, but I didn't expect it in July when it's the off-season for gold usually.

Image from the brilliant website.

The up to date graph of British pound gold is here, select the desired currency or group of currencies from the sidebar.

The price has just dipped under £1000 for now; it's £999.12 as I write.

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