Читать книгу Investing in Gold & Silver For Dummies - Paul Mladjenovic, Paul Mladjenovic, Ted Sudol - Страница 71

During 1990–1999, gold essentially traded sideways and ended the decade on a bearish note. It started the decade at a hair under $400 per ounce and ended the decade at about $290 per ounce. Although gold had some rallies and corrections along the way and still offered profitable opportunities for both investors and speculators, the 1990s were generally a lackluster time for gold.

Despite this unspectacular activity, the mining industry did well. It successfuly found strong gold deposits in its exploratory activities, and the majors were profitable as they increased the quantity and sales of gold despite the lower market price.