Gus Lubin
Business Insider
Aug 25, 2011
Gold just traded at $1704, down from from a record $1913 on Monday.
The 11% fall has been attributed mainly to a return to riskier assets.
Stocks are up around the world, led by 3% gains today in Shanghai. The Global Dow is up 4% this week.
4 Responses to “Gold Plunges $200 In Three Days”
Leave a Reply
You must be logged in to post a comment.
Related posts:
One ‘NO’ Instead of Three! Sudanese Against Normalization
Three 2000-year-old Egyptian Mummy Faces Reconstructed!
Up to three Covid jabs a year could be needed for protection, data suggests
Israel strikes Gaza three times as 12 rockets fired, house damaged
Viruses can remain infectious on microplastics for three days
The Patent That Could Destroy Monsanto and Change the World
Pop goes the gold bubble.
roberth70 Reply:
August 25th, 2011 at 6:27 am
Wanta bet, gold-less ? That’s like saying the dollar has arrived to save the day. You don’t really believe that ‘all is well’ in the land of Oz do you ? You’ve been reading the Wailing Wall Street Journal haven’t you? Not a good source of news for your future. They’ve buried more people with bad advice than the national mortuary society.
Quacksilver Reply:
August 25th, 2011 at 6:27 am
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves”
-Norm Franz, “Money and Wealth in the New Millenium”
They have hopes of what the money printing fanatic Ben Bernanke has to say on Friday. It was stated in several wallstreet reports. Probably has another crazy idea of putting a new number on QE! Ya! More inflation if true! This will only temporarily bring markets up, but not a guarantee. What it does guarantee is more inflation would be coming our way, savings worth less because of dollar devaluation and that means up up up for gold! This is why im voting Ron Paul to end this silliness and get back to sound money!