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Due to the fear about the hurricane season which influences the cost not just of oil, but of commodities such as natural gas, gold prices have started to climb up. The US government said that the hurricane season, which begins on June 1, could be “one of the most active seasons on record”.

At the time of this writing, gold prices have almost reached record prices. The price of gold, at $1215 per ounce, is up 10.7% thus far in 2010, and is set to rise for a remarkable tenth consecutive year. While the gold price rose 3.0% this past month, the Dow Jones Industrial Average posted its largest decline since 1940, falling 7.9%.

Silver prices though have not done so well as it’s prices fell by 2%. Even platinum prices fell down by 10%.

So happy gold selling !!!!

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The Gold Standard