Gold Crosses $1,000 Per Ounce for 1st Time

[Unspeaked]

LINK

Gold Futures Hit $1,000 Per Ounce Benchmark on Falling Dollar, Rising Oil Prices

NEW YORK (AP) -- Gold futures hit $1,000 an ounce for the first time Thursday, pushed past the benchmark by the sinking dollar and record crude oil prices.

 

[iSamurai]

the new golden era.

for people who invested in gold 3 months ago, you're damn lucky.

 

[obeygiant]

Now all those "invest in gold" commercials don't look so stupid anymore.

Its back down to 993 now. http://goldprice.org/gold-price.html

 

[Abstract]

I'm still fairly young, but before I ever cared about stuff like this, I believe I remember gold costing around $300 per ounce. Its value dropped and dropped from $4XY to $2XY.

 

[Fuzzy14]

I'm now really glad that then chancellor Gordon Brown sold most of the UK reserves about 5 years ago, and used it to buy US$.

You've just cost my country billions.

 

[Unspeaked]

I'm still fairly young, but before I ever cared about stuff like this, I believe I remember gold costing around $300 per ounce. Its value dropped and dropped from $4XY to $2XY.

Yeah, I remember it being a HUGE deal when it passed $400 several years ago and people saying it had hit the ceiling.

When it hit $600, the "experts" said it was practically impossible for it to rise any further in the near future.

And here we are 67% later...

 

[Motley]

Now all those "invest in gold" commercials don't look so stupid anymore.

Maybe, but I still have the irrational urge to punch that british lady in the face every time her commercial airs.

I'm now really glad that then chancellor Gordon Brown sold most of the UK reserves about 5 years ago, and used it to buy US$.

You've just cost my country billions.

Umm, HA-HA!