Re: Gold hits record above $1300 , silver at 30-year peak

[Guest guest]

Another way to look at the price of gold is:

2001, the dollar was worth roughly 1/250 of an ounce of gold.

Today, the dollar is worth about 1/1,300 of an ounce of gold.

Now, this doesn't mean prices have gone up so much and there is some speculation in the gold market. What it means is this much confidence has been lost in the dollar and investors, amongst others, are buying up gold as a reserve. Any number of things the government can, and probably will, do that will push that even further and then we'll feel the difference.

In a message dated 9/24/2010 3:53:33 P.M. Eastern Daylight Time, no_reply writes:

Gold hits record above $1300 , silver at 30-year peak