Thursday, September 16, 2010

Yet another sign the Economy is actually turning down

LINK to article

The price of gold struck an all-time high close to 1,278 dollars an ounce in trading here on Thursday.
Gold hit a record 1,277.90 dollars an ounce at 12:30 pm (1130 GMT) on the London Bullion Market.
It had already reached an all-time high above of almost 1,275 dollars on Tuesday, breaking June's record of 1,265 dollars, as investors sought safety amid an uncertain economic outlook.
Gold is seen as a safe haven investment and also a hedge against inflation.

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