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Monday, August 08, 2011

Gold Price Tops $1,700 As Investors Seek Refuge

The price of gold streaked past $1,700 an ounce for the first time Monday. Investors, beset by worries about the U.S. debt downgrade, Europe's financial crisis and slowing global growth, sought safety in the metal as stocks tumbled around the world.

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5 comments:

Jaycee said...

does this mean i should try to do some of those "cash for gold" things? Does anyone know of a reputable jeweler that buys gold?

Anonymous said...

You should get the spot price + a modest % for the dealer's profit.

If not then don't sell it.

I strongly suggest you may regret selling at some point in the future. This gold (and silver) run is huge and will continue until the new currency is rolled out for the United States. They may take several more years!

Anonymous said...

The Amero is ready to be used as a primarily digitized currency. However they need to convince the American People that our currency is toast - and the only way to do that is to "toast it". They will deliberately destroy the dollar. Then we will have world government.

Anonymous said...

And all the 'cans' who got gold in their teeth and around their neck will be rich. hahahaha

Anonymous said...

place up north say $14 a gram, Place down south pay $21 a gram