Current Gold Prices

For those investors that are looking at the U.S. Dollar versus current price of gold, the gold investors are winning.

The current gold prices are slowing rising as the current market continues to roll. As of the close of September 1, 2009, gold was at $957.20. At the beginning of the decade gold was just below $300. This is over a 200% increase in value within the last decade. This is a roller coaster road that gold is on but the trend thru all the ups and downs is a continuous rise. The roller coaster ride is just liked all open markets were anyone and everyone in the world can buy and sell gold. This will always be this way but gold is something you can hold in your hand and it will always have value.

The U.S. Dollar on the other hand is a piece of paper backed but the U.S. Government with the promise that it has worth. The U.S. Dollar is still considered the world’s currency and is used as the major marker in most markets, including the gold market. The U.S. Dollar is the most commonly used currency in the world and is often accepted in many countries along with that host countries currency because of its stability.

The Consumer Price Index is one way to measure the U.S. Dollar worth.  Another way of measuring the worth of the dollar is the value of the U.S. treasury bonds. These vary in time but have been relatively on a slow steady rise.

Currently the U.S. Dollar is down to the Euro as compared to 2 years ago. But against the British Pound during this same time the U.S. dollar is up. This is a normal fluctuation of the market against two very stable currencies like the dollar.

The U.S. Dollar versus current price of gold, There is no comparison. The U.S. Dollar is steady while the current gold prices continue to rise.