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The Golden Age

A few years ago, I took a business writing class over at UWM. One of our projects involved leafing through a selection of political opinion pieces in an effort to outline the various rhetorical tactics employed by the authors to convey their points. One of the articles we read can be seen here. Whether or not one agrees with this fella’s conclusions, he certainly raises some interesting questions.

I hadn’t thought about this for quite a while. Then the other day, I happened to notice the current market value of gold, and it made me recall this piece. It’s truly stunning how high gold has risen since the euro made its grand entrance on the international economic stage on New Year’s Day, 1999. It was $287/ounce then, and it’s around $650/ounce today. Does it really mean anything? Perhaps. Perhaps not. But it’s certainly noteworthy, and it’ll be interesting to watch its performance as oil futures remain volatile and the dollar continues to fall.