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Gold closes above $800 at highest level since 1980
MarketWatch ^
| 11/2/07
Posted on 11/02/2007 5:12:15 PM PDT by bjs1779
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Government
KEYWORDS: gold
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1
posted on
11/02/2007 5:12:17 PM PDT
by
bjs1779
To: bjs1779
$800 in 1980 would be the same as $2,024.17 today.
2
posted on
11/02/2007 5:14:30 PM PDT
by
Perdogg
(Elections have consequences.)
To: bjs1779
Is this corrected for inflation?
3
posted on
11/02/2007 5:14:50 PM PDT
by
ConorMacNessa
(HM/2 USN, 3rd Bn. 5th Marines, RVN 1969. St. Michael the Archangel defend us in battle!)
To: ConorMacNessa
4
posted on
11/02/2007 5:15:21 PM PDT
by
Petronski
(Here we go, Steelers. Here we go!)
To: ConorMacNessa
5
posted on
11/02/2007 5:15:28 PM PDT
by
Perdogg
(Elections have consequences.)
To: Perdogg
Thanks - was not up when I posted.
6
posted on
11/02/2007 5:18:28 PM PDT
by
ConorMacNessa
(HM/2 USN, 3rd Bn. 5th Marines, RVN 1969. St. Michael the Archangel defend us in battle!)
To: Perdogg
$800 in 1980 would be the same as $2,024.17 today. What is Enron adjusted for today?
7
posted on
11/02/2007 5:18:40 PM PDT
by
bjs1779
To: Perdogg
The graph of course uses a non zero baseline which is one of first things to do in making the increase look even more dramatic. You see non zero baselines almost everywhere in the media when they want to make a point about how dramatic a change there is.
8
posted on
11/02/2007 5:22:37 PM PDT
by
xp38
To: Petronski; Constitution Day; Tijeras_Slim
To: Perdogg
But what about all those commercials on the radio? Surely they can’t be...deceiving?
10
posted on
11/02/2007 5:23:50 PM PDT
by
Mr Rogers
(I'm agnostic on evolution, but sit ups are from Hell!)
To: ConorMacNessa
Is this corrected for inflation? Hang on, I think it will be.
11
posted on
11/02/2007 5:24:30 PM PDT
by
bjs1779
To: hiredhand
12
posted on
11/02/2007 5:24:35 PM PDT
by
Squantos
(Be polite. Be professional. But, have a plan to kill everyone you meet. ©)
To: martin_fierro
Buy gold now, you stupid bastards . . .
13
posted on
11/02/2007 5:25:42 PM PDT
by
Petronski
(Here we go, Steelers. Here we go!)
To: bjs1779
Over $800?
I'd better run right out and buy some gold!
< /sarc>
14
posted on
11/02/2007 5:27:28 PM PDT
by
SIDENET
(Hubba Hubba...)
To: xp38
from www.kitco.com:
I'm not sure why you need the stuff below $250. It's blank. Try to imagine.
ML/NJ
15
posted on
11/02/2007 5:29:16 PM PDT
by
ml/nj
To: SIDENET
I'd better run right out and buy some gold! No, go out and buy some greenbacks. : )
16
posted on
11/02/2007 5:31:27 PM PDT
by
bjs1779
To: xp38
The graph of course uses a non zero baseline which is one of first things to do in making the increase look even more dramatic How does zero baseline start at 640?
17
posted on
11/02/2007 5:41:14 PM PDT
by
bjs1779
To: SIDENET
Laugh away. I bought LOTS between $260 and $340. Looking pretty sweet right now......
18
posted on
11/02/2007 5:44:16 PM PDT
by
Kozak
(Anti Shahada: There is no god named Allah, and Muhammed is a false prophet)
To: bjs1779
If you listen to a gold salesman, and take him seriously, the best reason to by gold is so you can use it to make bullets...
19
posted on
11/02/2007 5:47:04 PM PDT
by
Snardius
To: Kozak
Laugh away. I bought LOTS between $260 and $340. Looking pretty sweet right now......You can never go broke taking a profit...
20
posted on
11/02/2007 5:55:03 PM PDT
by
Snardius
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