“Gold (Au), is a chemical element, a dense, lustrous, yellow precious metal of Group 11 (Ib), Period 6, of the periodic table. Gold has several qualities that have made it exceptionally valuable throughout history. It is attractive in colour and brightness, durable to the point of virtual indestructibility, highly malleable, and usually found in nature in a comparatively pure form”.[1] In addition to that, history of the gold is also rich and complex, including hopes and disappointments of mankind to change their fortunes. However, here I will only touch upon recent price fluctuations for the gold as financial commodity. Gold price was considerably stable for 20 years, between 1984 and 2004. But ever since 2001…