Silver Bars Direct

8 September 2009 32 views No Comment Email This Post

For the 6th time in history, Gold broke $1000 per ounce in the intraday market. It then settled just below it at $999/oz so its not a record but it’s still a historic moment. Indexed for inflation, Gold’s high of $850/oz back in the 80s would be equal to over $2,000/oz today.

Check out this video from the Financial Times about gold price reactions to historical events in the news.

[Click here to view the original file]

Related Posts

• Richard Russell On Gold's New Record Unless you're living under a rock, you've heard about the price of gold hitting a new record almost $1,200 per ounce.  A lot of people think gold is overvalued and is currently in a bubble. If anything, with the US government bailout taking on new debt at a record pace,......
• HyperInflation In The US: Possibility Or Reality? Here's an exceptionally well made video by the National Inflation Association. If you don't believe in hyperinflation (or even if you do) this eye-opening video will entertain and educate you regarding the historical currency devaluation that several other countries have faced and the total break down of economies like Zimbabwe.......
• Richard Russell on Silver In the last post, I mentioned Richard Russell's views on gold.  Recently, he declared that he was extremely bullish on silver as well: January 6, 2010. They call it "the poor man's gold." But don't turn your nose up at silver. The dollar was originally defined in terms of silver.......
• Gold Selling At 40% Markup In Greece According to Coin Update News: The fear running through the Greek populace is that the nation’s government may default on some of its debts. Since 1965, the Greek government has imposed restrictions on trading British Sovereign gold coins (gold content .2354 oz). Despite those restrictions, the Bank of Greece reports......
• China Lends Venezuela $20 Billion In exchange for a promise of 400,000 barrels of oil a day by 2015, China has agreed to lend Venezuela $20 Billion that it sorely needs. This will help offset China's dependence on Saudi Arabia for its oil needs. Venezuela produces extra-heavy oil that is high in sulphur and has......

• 450 Random Useless Facts [/caption] Most American car horns honk in the key of F. The name Wendy was made up for the book "Peter Pan." Barbie''s full name is Barbara Millicent Roberts. Every time you lick a stamp, you consume 1/10 of a calorie. The average person falls asleep in seven minutes. Studies......
• Murphy to Manteo for the Michael J Fox Foundation An old friend of mine is running a special race across North Carolina, 545 miles in all... ...in 16 days. That's an average of 34 miles a day for 16 days in a row. She and two of her friends start on Memorial Day Weekend. They're raising money for......
• Strong Earthquake Shakes Haiti Again [/caption] A strong earthquake has once again struck Haiti, shaking buildings and causing panic, eight days after a 7.0 magnitude quake left much of the nation in ruins. The U.S. Geological survey said latest quake had a magnitude of 6.1 and was centered 59 kilometers from the devastated capital......
• Apple Mountain Golf Course, Camino, CA Apple Mountain Golf Course is located in: Camino, CA Phone: 530-647-7400 Website: http://www.applemountaingolfresort.com Course History: Although this is a resort golf course it is open to the public. This is definitely a majestic course that all players in the area should try at least once. It offers a challenging......
• How much is that gold jewelry worth? Short answer:  Probably less than you think, but more than you'll get from a gold-to-cash place. Pinyo over at Moolanomy asked whether Cash4Gold.com is a scam or not.  Cash4Gold.com, and places like it, will pay you for your jewelry based (mainly) on its precious metal content.  You ask them for......