Gold hits record high on debt fears and chance of more Fed stimulus

Gold will be an alternative if the paper currency ever defaults.

It's no surprise it gains in value when the US monetary system is in trouble.

 

you are assuming that the US will get its act together and raise interest rates and let the system purge......a "VERY" unlikely scenerio!

 

of course...the more dollars Bernacke prints, the more dollars it takes to buy things like gold!

 

Gold is actually almost back to where it was before the massive DOW drop on Thursday.

http://www.goldprice.org/gold-price-history.html

Rather remarkable...and personally surprising.

I guess gold is becoming more widely accepted as the place to be when stock markets are in free fall.

 

monday shall be interesting although silver will probably fall as its still looked at as an industrial metal!

 

Yup...silver is a (*)(*)(*)(*)(*) when she's angry.

But the make-up sex is incredible.

 

well this is it.......you need to hold onto silver for the long term.......mind you if silver does drop back to lets say 25 dollars can you imagine what a buying opportunity that is?

 

Gold just hit $1700 (new record)...up $52.

Silver is up 4%.


http://www.goldprice.org/gold-price-history.html

http://silverprice.org/silver-price-history.html

 

Thanks for the update. This debt crisis has gold soaring.

 

like I have always said....gold will keep on quietly rising until a big event happens....and this is one of those big events.....default or a currency crisis is another

 

I don't think that owning a loan that is to be repaid in more debt can be accurately described as wealth.

 

Gold is over $1718 (up 4%) and a new record.

Silver gained 2%.

The DOW lost 634 points and the S&P 500 lost 6.66%.

The dollar gained some (about .72 on the dollar index).

http://www.goldprice.org/gold-price-history.html

http://silverprice.org/silver-price-history.html

http://www.bloomberg.com/apps/quote?ticker=DXY:IND


Normally, people flee to the dollar when the markets collapse. Not today.

Actually, the dollar gained noticeably less today then it did last Thursday (.72 vs. over 1) when the DOW fell less then today. Plus gold skyrocketed today and silver shot up as well - whereas last Thursday the former lost a little and the latter lost a lot.

The normal trend of people fleeing to the dollar when the markets collapse and selling their gold/silver along the way, seems to be changing as the greenback's safe haven status gets weaker and weaker.

 

tell that to the fools buying treasuries

 

its about time people started to wake up.....that fleeing to the titanic in times of turmoil is not a great idea

 

Gold is going nuts...it's at 1738.85!

It's up $90 in 24 hours!

 

Gold will crash soon. People won't even be able to afford buying it here in a bit.

 

gold is the only real money out there...to say it will crash is to say you just dont understand economics! Sure it can correct...in fact I expect it to correct...but it wont crash!

Americans had it too good for too long....they are out of touch with reality....its funny how the average latin american understand the value of gold!

 

What is the value of gold?

 

QE3 will be rolled on next fed meeting and gold will go even higher.

Printing money is the only way out.

 

it is measured by the labour it takes to mine it!

 

About $1,700 a troy ounce.

 

and climbing

 

Deep thinkers like me realize that this is an artificially high value. It's not naturally that valuable, as in, if people didn't just buy it just for the reason that it's "valuable" and actually used it directly (for industrial purposes etc.), it wouldn't be that high of value.

 

people are flocking to gold because they lost confidence in paper money, its funny how people just cant understand this....when stocks go up its great.....when gold goes up its downplayed.....oh well........looks like there will be many in the poorhouse soon

 

How about making a real economy where you can't simply hoard natural resources (such as yes, gold and other metals) simply to hoard them?