Gold closed on the Comex at $1627.70, a new all-time high.
It should be noted that while the debt debates are likely having some upward impact on the gold price. Prices can't go up without the money around to push prices higher. At the end of the day, Ben Bernanke at the Federal Reserve are responsible for the gold price climb.
Thanks, Ben! My little pile of gold is lookin' good.
ReplyDeleteactually, no thanks... gold is not growing in value, not at all. it's just that people with dollars in their pension funds and savings accounts are growing poorer.
ReplyDelete