Gold prices pass $500-an-ounce in Asia trading

AFP via Babelfish translation | November 29, 2005

[HAL9000]

Gold crosses the 500 dollars the ounce in Asia

HONG KONG - the rates of gold have crossed Tuesday the 500 dollars the ounce in Asia, for the first time for 18 years, indicated brokers.

Gold exchanged with 500,5 dollars the ounce with 05H00 GMT on the markets of the Asia-Pacific, its higher level since 1987.

"It is as if a correction were going to occur at one time or another but I do not think that the courses will go down under 475 USD because the tendency is still hawser", explained to the agency XFN-Asia Ashok Sekar, adviser customers at Tricom.

[M. Espinola]

It's a shame the only way to actual view the full size version of Petroleum Economist's ultra-detailed global energy map(s) are to buy them, and or subscribe. Neither method is cheap.

PetroleumEconomist

[2nd_Amendment_Defender]

Glad I own three and half ounces of gold now.

I own over fifty silver coins of silver and I bought it at around $7 per ounce. Not bad now considering silver is $8.63 per ounce as of December 5th 2005.