Lets study GOLD

No one is unaware of the price Gold is reaching at.
Though since beginning it was a precious metal,

But what has made its price rise so 'enormously after 2007'..??

 See the trend.
 It had humble beginnings at 5000 per 10 grams.

Till 2002, the price was around 5100 per 10 grams (or 510 per gram approx.)
In 2007, avg. was around (or 9000 per 10 grams approx.)
The prices shot more in 2008.
The avg was around 12700 per 10 grams.(approx.)

In 2009 avg. price of - 15230/ 10 grams (approx.)
In 2010 avg. price of - 18000/ 10 grams(approx.)

In 2011,avg. price of 23740/ 10 grams (approx.)

Now, going back to the question..
What has made its price rise so 'enormously after 2007'..??

We see the prime reason for this can be the Economic Recession.

While everything seems to be getting poorer, gold is considered as a 'safer bet'.
Moreover, Gold has a value independent of the stock markets.

And definitely the Law of Demand and Supply apply to this commodity.
So, as the demand is increasing, so are the prices.

If you have any idea about how far these prices will reach let me know too!



References-
www.google.com
http://goldpricenetwork.com
http://www.facebook.com/EconomicTimes