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Gold prices settled at a new record high on Tuesday, as unrest in North Africa and the Middle East pushed the safe-haven commodity north of $1,430.
April gold futures rose $21.30, or 1.5%, to settle at an all-time high of $1,431.20 an ounce.
Tuesday's record high is not adjusted for inflation. If adjusted for inflation, gold's record price is much higher.
Investors rushed to gold as unrest in the key oil producing state of Libya continued to rage, and reports from Iran indicated large numbers
Originally posted by TedHodgson
reply to post by TechVampyre
Way Ahead of you Dude, Got 34 Solid Gold ingots and Because someone on Ebay was selling s platinum Ingot extremely cheaply because they didnt have any idea what it was i now have one of them too.
*Ted Carreses his shiny metal Bits and Hum's to them*
Originally posted by greenfox83
Couldn't resist saying this; the price is high because there is an outsourcing demand. Nibiru is coming and with that planet on the way the Annunaki tribe is wanting their gold. That's why the government is paying such a high trade-in value!!!
Originally posted by MBF
I just wonder how many people can eat gold. Why in the world would people want to buy something that was at it's highest price in history. You people can't figure out that they are just out trying to take your money away from you? Things like this runs in cycles with highs and lows, we are at a high right now and one day before long, we will be at a low. Then who will have all the money?
Originally posted by gimme_some_truth
I say sell while you can. I predict that it is a bubble... and bubbles burst.... Give it another year or so... I think it will burst and the price of gold will drop.... Who knows though. I just figure... What goes up, must come down. You know?