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Gold

The price of gold is based on a single ounce of the metal. Gold is a great indicator of inflation as people move to gold as a safe haven when the value of paper currency declines. The trust in gold is based on its long history as a prominent stable currency before erratic fiat currency systems were developed. The price of gold generally increases when inflation or inflation prospects increase.

$900 was the approximate price of gold when the crisis began.
$710 was the approximate price at its low since the crisis began.
$1000 was the approximate peak price (in Feb 2009) since hitting its low in this period.

View more detail on gold price history.




 
 

Ben & the Fat Cat Banksters Painting

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Daily Bloopers Will Now Become Less Frequent
After over ten months of economic government bloopers on each and every workday, it is obviously clear that there is no shortage of ridiculous errors and activity by our soap opera government. A mess... Read more...
1/29/10 - GDP makes big gains
There's nothing misleading about the 5.7% GDP increase. Certainly none of the following play a part in the most recent overestimation:1. Inventories were at an extreme low and the slowdown in the... Read more...
1/28/10 - Bernanke's back!
Bravo! Well done. We removed one extra step (i.e. hiring a new failure) in our long, fingernails-on-chalkboard path of economic defilement.Bernanke wins second term as Fed chairman - MSNBC/Associated... Read more...
1/27/10 - No one wants to cut the deficit
Darn it - This messes up the ability to "chip away" at a $1.35 trillion projected deficit. Woulda surely solved our $80+ trillion unfunded liabilities problem. Not to worry though - Obama is going... Read more...
1/26/10 - Housing prop-ups need prop-ups
Another government plan with a false premise poorly organized and failing. Astonishing.Foreclosure relief program riddled with flaws - MSNBCArbitrary Vote Bloopers

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