Spot Gold Hits New High – Dollar Hits 14 Mo. Low
Arizona gold nugget
Spot gold rose again to a new high above $1,060 an ounce, as the U.S. dollar hit a fresh 14-month low, increasing gold’s appeal as a hedge against a weaker currency. Also, platinum and palladium rose to the highest level in more than one year.
Our decimated dollar: crushed under the weight of give away programs, unions payoffs, cash to banks and manufacturers of inferior automobiles and a bloated federal payroll of non-performers.
We all know what the Obama legacy will be.
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Gold, silver and coins are the only forms of money to survive the test of time and I believe they will still be used as a store of wealth long after America’s paper and imaginary/electronic money becomes synonymous with the German Reichsmark in the history books.
California gold nuggets
This financial mess has me spooked. In spite of the too late hodge-podge and piece meal actions of the Fed and Treasury, equities are death. Anyone in their right mind would be getting out of all paper assets and closing their bank accounts. I’m out of equities and I’ve closed all but one bank account leaving only enough cash to pay next month’s bills.
Gold and silver are the best bets now.
Crystalline gold
People, just stay calm, go out and find (hopefully) gold and silver and BUY IT! Then just wait (it won’t be too long) and you will be VERRRRY glad you did.
Gram Scale
Don’t worry about gold or silver, or even platinum and palladium. They will thrive when the economy stops thrashing around so much in its death throes.
Gold Prospecting