To all you speculators out there, put your money or should I say Gold where your Poll is! Listed below are 15 prices. Simply pick the closest one you believe that the "price of an ounce of Gold will be at closing on December 31, 2010". We shall see how many voters out there know there markets? (p.s.>prices are in Canadian $)
Posted 10/07/2010 01:25 am
Good idea for a poll, but the price/oz. should be referenced in US dollars. Speculating on the price of gold in Canadian dollars leaves us to have to guess both the market price of gold AND the value of the Canadian dollar relative to the USD.
(i.e although gold has risen in the past 2 days, its cost in Canadian dollars has remained roughly the same because the Cdn. dollar has appreciated (approx. 1.01 today)).
(i.e although gold has risen in the past 2 days, its cost in Canadian dollars has remained roughly the same because the Cdn. dollar has appreciated (approx. 1.01 today)).
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