View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 27, 2006updated 19 Aug 2016 10:10am

Gold to hit $1,000 an ounce? Big deal

Lord William Rees-Mogg asks a perfectly valid question on his new blog: "Will gold go to $1,000 an ounce?" He notes that it has already risen to $624, and anticipates that it, "might well reach $1,000 an ounce by the end of the second term of

By

Lord William Rees-Mogg asks a perfectly valid question on his new blog: “Will gold go to $1,000 an ounce?” He notes that it has already risen to $624, and anticipates that it, “might well reach $1,000 an ounce by the end of the second term of President Bush in January 2009”. Well it might.

But while I understand that the price of gold has serious implications for the world’s economies – just like the prices of the Dollar, Yen and Pound – I find myself utterly incapable of worrying about how much a Krugerrand will set me back by 2009.

The day before yesterday was officially Africa Malaria Day, set aside by African governments “committed to rolling back malaria”. Malaria kills more than a million people every year, and the vast majority are children under five.

Meanwhile every day, diarrhoeal diseases cause an estimated 5,483 deaths, mostly among children under five. Perhaps now that I have a child of my own I worry more about these figures, I don’t know. I am sure that as I do, Lord Rees-Mogg cares a lot more about these figures than the price of an ounce of gold, too.

Content from our partners
How to combat the rise in cyberattacks
Why email is still the number one threat vector
Why HR must take firm steps to become a more data-driven function

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU