Many of you will be vaguely aware that I am playing online in some pretty high risk ventures (which is why I am not playing with much… some risk thousands… UGH). For most of these, an e-gold account is needed to fund the venture (and for most, you only need about $10 to get started).
But this post isn’t about those risky ventures. Its about the value of gold itself. I have a Konfabulator widget (now Yahoo widget since Yahoo bought them out) sitting on my desktop which tells me the price of gold: it checks about every 30 minutes. As I write, its $683.89 US dollars an ounce. I wish I had thousands in my egold account because with the way gold is rising (about $90 in 3 weeks) you could make profits just by buying it thru egold.
A word about gold purchase online: you need to do it through an exchanger. The best one for Australians is e-forexgold. I am not much aware of others, because I use e-forexgold: I can use BPay or a deposit card at the post office to fund the account and that suits me well.
Its worth considering: When I signed up for egold and put money in the first time, the price was $US544… now its $US683. Nice profits if you can get them, in just four months.
CAUTION: The price can fall just as quickly. YMMV.
Update 10/5/06: The price of gold topped $700/ounce today. How far is this going to go? And how much is it tied to the oil prices? One wonders about artificial inflation.
Update 11/5/06: Added kitco charts. The first is a 24 hour chart, the second an 8 hour chart (US Dollars). You can see how the price fluctuates over the day, but the overall direction is UP
Update 15/5/06> Gold just took a dive from $716 to $687. Glad I only had $2.74 in egold. Now its worth only $2.45. Thats life. Glad I had not been paid yet, by any of my programs.
I’m not looking anymore, its too nerveracking.