Irish Liberty Forum

A Golden History

leave a comment »

Gold has always been a refuge in troubled times. In early 1815, when Napoleon escaped from Elba to return to France and war seemed imminent, the price of gold in London rose more than 20 percent; it fell back that June after he was beaten at Waterloo.

“Gold has longevity. It doesn’t go bad,” said Bart Melek, global commodities strategist at BMO Capital Markets in Toronto. “It’s hard to replicate.”


Written by Graham

March 14, 2008 at 3:32 am

Posted in economics, history

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: