Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.And that's only going to get worse. The dollar's shot, now the euro's shot, and even better, that mean oil's going to go up too, watch.
Spot gold hit $1,244.45 an ounce, a gain of nearly 20 percent since early February. It was last bid at around $1,238 an ounce from $1,232.05 late in New York on Tuesday.
U.S. gold futures hit a record $1,245.40 an ounce.
If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed. -- Benjamin Franklin
Wednesday, May 12, 2010
Gold Rush, Part 8
Well with the world's currencies going to crap, gold is back big time.
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