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Gold eyes all-time high on currency crisis
Clipped to the Drawing Board by jackson Browne  

 Sparking engineers to re asses exploration projects --

After retreats from 28 year peaks
Gold has surged to $846 an ounce on fears of a dollar collapse and signs of spreading credit crisis in the United States, coming within a whisker of the all-time high seen at the end of the 1970s inflation era.

 

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bill (73) Senior board member | 2007-11-08 19:33:45
The problem with gold is that it is all speculative - coal, iron ore, oil etc are all commodities which are needed so as to live - with gold, its all about traders trying to make paper profits - so where does the supply and demand formula apply here ?!!!
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SpiderMan () Newbie | 2007-11-08 19:39:03
partly right Bill - those wild fluctuations don't do anyone any good - particularly if you happen to be in gold mining - when it's hot - it's hot and when it's not - it's dead - I think we should go back to the "gold standard" for financials - then we might get some better stability -
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Toorak () Newbie | 2007-11-08 19:46:04
Thar's gold in them thar hills - or something like that - as long as we live in a free market environment you'll never stop the traders from making money from the honest sweat of the producers - but a bit of stability in the supply/demand side would be good - run with a gold Stand economy ??
a good thought if your a gold miner but maybe not if you shuffle paper for a living
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JackieO () Newbie | 2007-11-08 19:48:03
if your into gold - enjoy it while u can - it wont last - too many ouside forces at play
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Friday 9 November, 2007 12:08 AM
 
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