Should I buy more gold? At FT.com yesterday I found an article by Chris Flood that had some facts about gold sales that blew my mind.  However, its not hard to believe that gold sales in the third quarter 2008 were 121 percent higher than last year given the uncertainty in the world financial markets.

After comparing the price ranges of gold from this time last year, it’s interesting to note that the price range has gone up steadily since then.

In October of 2007 the low was approx. $725/oz with a high price of hovering around $790/oz.

Last month’s low was around $710/oz while the high was around $910/oz.

This 30 day volatility is certainly due to the uncertain market conditions but, since September of last year, gold prices have tended to go up and up fairly steadily.

If this isn’t a signal to keep on buying gold I don’t know what is.  Would anyone like to provide some further insight on this?

Ft.com article by Chris Flood found at:  http://www.ft.com/cms/s/0/7177d3c6-b65f-11dd-89dd-0000779fd18c.html