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Gold hits new high

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    Gold hits new high

    My attempt at an interesting thread. If this fails I shall resort to bedwetting about the problems in the current contract. Let me know which you prefer (if any)

    Linky

    The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles.

    It hit $1,421 an ounce at 1030 GMT.

    The price has now risen by 7% since the US central bank announced last week its plan to inject $600bn (£372bn) into the American economy.

    Investors worry this will lead to higher inflation, and are also concerned about the state of the Irish Republic's economy as it tries to cut its budget deficit.

    Gold is traditionally seen as a haven for investors at times of economic stress.
    The DOW priced in gold shows that even though is appears to be recovering it has really gone nowhere since the 2009 lows.
    All this QE and currency wars is basically devaluing every currency globally in a beggar thy neighbour approach to try and kick start a protectionist style recovery through exports.
    Knock first as I might be balancing my chakras.

    #2
    Originally posted by suityou01 View Post
    My attempt at an interesting thread. If this fails I shall resort to bedwetting about the problems in the current contract. Let me know which you prefer (if any)

    Linky



    The DOW priced in gold shows that even though is appears to be recovering it has really gone nowhere since the 2009 lows.
    All this QE and currency wars is basically devaluing every currency globally in a beggar thy neighbour approach to try and kick start a protectionist style recovery through exports.

    Comment


      #3
      What happens in General, stays in General.
      You know what they say about assumptions!

      Comment


        #4
        OK so you want the bedwetting one?
        Knock first as I might be balancing my chakras.

        Comment


          #5
          Originally posted by suityou01 View Post
          OK so you want the bedwetting one?
          Hang on. Let me Google some more Fail images first.
          What happens in General, stays in General.
          You know what they say about assumptions!

          Comment


            #6
            Originally posted by MarillionFan View Post
            Hang on. Let me Google some more Fail images first.
            Foogle
            Knock first as I might be balancing my chakras.

            Comment


              #7
              Good thing I bought some Gold shares last week. They up 5% today.

              Comment


                #8
                Originally posted by NorthWestPerm2Contr View Post
                Good thing I bought some Gold shares last week. They up 5% today.
                Gold shares????
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #9
                  Originally posted by northernladuk View Post
                  Gold shares????
                  Gold Ltd. or Gold inc. :-p

                  Comment


                    #10
                    Gold 'R' us. You know, Gordon Brown's company that sold most of its stock 10 years ago.

                    Comment

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