Skip to comments.
Gold Prices Surge to Record Highs ($1,271.70 an ounce -- a record closing high)
The Street on yahoo finance ^
| 9/14/10
| Alix Steel, Andrea Tse
Posted on 09/14/2010 12:39:46 PM PDT by NormsRevenge
NEW YORK (TheStreet ) -- Gold prices popped Tuesday as investors turned to the metal as a safe-haven asset and momentum buying pushed prices to new all-time peaks.
Gold for December delivery settled $24.60 higher at $1,271.70 an ounce -- a record closing high -- at the Comex division of the New York Mercantile Exchange. The gold price hit a record intra-day high of $1,276.50 an ounce, $10 higher than its previous high set in June.
The U.S. dollar index was losing 0.91% to $81.11 while the euro was gaining 1.01% to $1.30 vs. the dollar. The spot gold price was rising more than $26, according to Kitco's gold index.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Extended News; Foreign Affairs
KEYWORDS: gold; prices; recordhigh
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-43 next last
2
posted on
09/14/2010 12:40:21 PM PDT
by
NormsRevenge
(Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
To: NormsRevenge
We’ve not reached inflation adjusted Carter prices yet. I’ll worry about this later...
3
posted on
09/14/2010 12:42:16 PM PDT
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: DonaldC
Weve not reached inflation adjusted Carter prices yet.Which means our fiat currency has been pretty crappy at holding its value since 1980.
To: NormsRevenge
Looks a like a bubble to me.
5
posted on
09/14/2010 12:45:20 PM PDT
by
Moonman62
(Half of all Americans are above average.)
To: NormsRevenge
In the days after the election, I dumped my entire portfolio (Haliburton, Northrop Grumman, Exxon, TEVA, ect.) and put it all into gold.
Gold was selling at about $750 at that point.
Quite possibly the ONLY smart financial decision I ever made.
6
posted on
09/14/2010 12:46:46 PM PDT
by
End Times Sentinel
(In Memory of my Dear Friend Henry Lee II)
To: NormsRevenge
If your not on the elevator, it’s already passed your floor.............
7
posted on
09/14/2010 12:46:46 PM PDT
by
Red Badger
(No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
To: Moonman62
Looks a like a bubble to me. Looks like you still haven't bought gold yet.
8
posted on
09/14/2010 12:46:53 PM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: Moonman62
I hope its a bubble. I want to buy a little more but cant afford it at these prices.
9
posted on
09/14/2010 12:47:35 PM PDT
by
R. Scott
(Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
To: Moonman62
I think your bubble will burst before gold’s.
10
posted on
09/14/2010 12:49:00 PM PDT
by
onyx
(If you support Sarah and want on her Ping List, let me know!)
To: NormsRevenge
The weird thing is that US treasury bonds also had a nice rally today. What’s coming next? Inflation or deflation?
11
posted on
09/14/2010 12:49:22 PM PDT
by
devere
To: Owl_Eagle
I trust that you took delivery.
12
posted on
09/14/2010 12:50:03 PM PDT
by
onyx
(If you support Sarah and want on her Ping List, let me know!)
To: Owl_Eagle
I bailed at 10,390 about six months ago.
Into bond funds and sleep better.
To: NormsRevenge
Any "new high" thread requires the scorecard:
14
posted on
09/14/2010 12:53:30 PM PDT
by
jiggyboy
(Ten per cent of poll respondents are either lying or insane)
To: devere
The Dollar crashed through what should have been a floor of support near the 82 level as if the boards were made of rotten, termite-infested timbers. It is now headed to 80, where if it fails, the ill winds of inflation blowing through the economy are only going to intensify.
~Jim Sinclair~
15
posted on
09/14/2010 12:54:24 PM PDT
by
onyx
(If you support Sarah and want on her Ping List, let me know!)
To: Partisan Gunslinger
DonaldC: Weve not reached inflation adjusted Carter prices yet.
You: Which means our fiat currency has been pretty crappy at holding its value since 1980.When the other guy adjusts his comment for inflation, which he did by referring to "inflation adjusted... prices," then if you claim that this means something about the ravages of inflation, you come off sounding like an idiot. So next time, don't do that. Don't base your claim about inflation on inflation-adjusted prices. The only thing you can conclude from what he said is that the gold market does not yet reflect conditions that are as bad as they were under Carter. Give Obama time... I'm sure he can achieve that. |
16
posted on
09/14/2010 12:55:00 PM PDT
by
Nick Danger
(Pin the fail on the donkey)
To: onyx
Indeed.
I only wish I’d plowed some into ammunition too.
17
posted on
09/14/2010 12:55:41 PM PDT
by
End Times Sentinel
(In Memory of my Dear Friend Henry Lee II)
To: Owl_Eagle
Do you think you will cash out at any time?
HOw do we know this isn’t another bubble?
18
posted on
09/14/2010 12:56:59 PM PDT
by
a real Sheila
(NEVER FORGET 9-11! NEVER FORGET!)
To: DonaldC
The Carter era $800 gold price is clearly anomaly that was extremely short lived and not really pertinent to anything. In short, it has no value in the discussion except to take up space.
19
posted on
09/14/2010 12:59:50 PM PDT
by
bert
(K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
To: DonaldC
Weve not reached inflation adjusted Carter prices yet. Ill worry about this later...Which would be about $2400 if we accept government inflation figures and quite a bit higher if you believe they lie.
20
posted on
09/14/2010 1:00:01 PM PDT
by
NeoCaveman
(I can see November from my house)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-43 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson