With gold approaching $1000 an ounce once again, it gives those gold owners who obsess about the current spot price another reason to get excited. One puzzled poster on the Kitco forum, like me, wondered why people who buy gold bullion or coins are so interested in the daily fluctuations in the gold price.

Apart from those who own gold mining company stocks, and who could sell for a profit when they think things are positive for gold, gold owners with any sense are making investments in precious metal for the long term. They know the daily or weekly price will go up or down, and it doesn't matter, since they are planning to sell only 10 years or twenty years down the track.

All they need to look at once in a while is the chart tracking the gold price over the last 10 years at the bottom of our price of gold page. Now there's something to keep you quietly satisfied.

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