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Message: What's the odds

What's the odds

posted on Apr 10, 2010 07:22PM

Gold hits record high for British investors

The price of gold has risen to an all-time high in sterling and euro terms.

By Richard Evans
Published: 11:55AM BST 09 Apr 2010

British gold investors have made a profit of 34pc since August last year Photo: AFP/Getty

In dollar terms the gold price is about 5pc below its record, but the weakness of the pound and the euro against the American currency means that for investors in Britain and the eurozone the precious metal has never been so valuable.

The price of an ounce of gold has reached record levels of £754 and €865 in recent trading, and the dollar price has reached a three-month high of $1,157.

Since Gordon Brown sold off 400 tons in the nineties at approx. $250 an oz.

Given his record, what's the odds he starts buying now?

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