The real price of gold adjusted today for inflation is much lower than it was in the 1980's. Although the equity markets have been highly unstable in recent years gold has been rising the whole time regardless of bull or bear equity moves.
Anyway the trend is upward, as in the past five years the nominal price of gold rose from U.S. $330 an ounce in April 2003 to U.S. $900 in early April 2008.
Many traders buy and sell gold in the currency market purely as speculative plays trying to make profits from small and large fluctuations in price. This does not mean trading gold is easy, because gold is mostly used as a reserve it is subject to many psychological and monetary factors.
When investing over short time frames you are able to earn large amounts of money however at the same time it can be very risky. You have to weight your investments and risk carefully.
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