Gold Reaches Record of $1000 an Ounce

Gold Reaches Record of $1000 an Ounce

afp.google.com

LONDON (AFP) — Gold prices breached 1,000 dollars for the first time on Thursday as the precious metal benefited from a plunging dollar and its safe-haven status amid fears of rising inflation.

Investors are funnelling their cash into commodities like gold as they seek refuge from volatile world stock markets, the collapse of the dollar and growing fears about a US-led economic slowdown, traders said.

(visit the link for the full news article)

Isn't nice to read of "the collapse of the dollar" in such matter-of-fact terms?

Need one say more?

afp.google.com
(visit the link for the full news article)

Just to let you know, this was already posted here.

Good times (if you're one who invested in gold a few months back).

reply to post by redmage


Is this truly that big of a deal, since $1000 isn't worth as much as $1000, say, five years ago?

[color=#BCD2EE]Already posted:

U.S. gold hits $1,000 record high

[color=#CDCDB4]Please join discussion in the above link.

Thread closed.

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