Gold price goes above $900 level
The price of gold hits a fresh all-time high of $904.60 an ounce as investors seek a haven from economic woes.
Ref. https://news.bbc.co.uk/1/hi/business/7186570.stm
Gold hits $1,000 for first time
The price of gold hits new heights, trading at $1,000 an ounce for the first time, spurred by a weak US dollar.
Ref. https://news.bbc.co.uk/1/hi/business/7294040.stm
I think the US is doing the right thing of not backing the dollar with gold. We are in a recession now so I think the Dollar will get all straighten out soon or at least go through a correction.
I would like to have more gold. Silver is doing pretty good on the market too. If I had a choice of a pound of metal I would choose Platinum myself.
Edited: KNtoran on 14th Mar, 2008 - 3:34pm
Gold is hovering around almost US$1,000 an ounce, can you believe that. Gold is definitely the way to go in difficult times, possibly at any time. Big problem is securing it!
International Level: International Guru / Political Participation: 3231 100%
JB securing gold will always be hard to secure cause of how rare it is to get a hand on.
Gold climbs toward 18-month high; eyes on Fed:
Gold climbed 1.5 percent to trade within striking distance of recent 18-month highs on Tuesday, supported by a broadly weaker dollar, as investors focused on the U.S. Federal Reserve meeting on interest rates. Ref. Source 5
Gold Heading to $3000 Unless America Hits the "Reset" Button, Tice Says:
Gold will hit at least $3000 per ounce before the current rally ends says Tice, Federated's chief portfolio strategist for bear markets. The forecast falls roughly in between Peter Schiff's $5000 per ounce call and Jimmy Rogers' forecast of $2000. Ref. Source 2