Another busy week in the world of Gold, with the price finally breaking through the US$750 mark.
The big influences this past week - once again, is the $US Dollar ( inflation and sub-prime concerns and crude oil prices.
Coupled with next years expectation of $800/oz from Morgan Stanley the medium term strength in Gold as an investment is definitely looking good.
Given the well publicised issues with South African mining safety currently - The South African mining union (NUM)has announced their intention of holding a national strike to bring attention to the 200 mining deaths last year. South Africa is currently the largest Gold mining country in the world accounting for 11% or 275 tonnes of total 2467 tonnes mined in 2006 (source)
Another interesting announcement regarding central bank gold sales -
Germany has no intention of selling their gold
Gold can make you invisible! - well OK, only in 2 dimensions, and maybe not completely invisible, but hey, its a start :)
