All That Glitters IS Gold

[Oneword]

(today = 09/01/2008)

What a new year for gold!

One by one, the yellow metal is shattering records. First, gold flew by the $850 mark on the first trading day of 2008, hitting $861.80 per ounce to surpass the record set on 21 January 1980.

Now, gold traded up $21.80 at an all-time intraday high of $883.80 per ounce today, exceeding the previous high of $875 touched briefly on the same day in January 1980.

Gold futures hit a new intraday high of $894.40 today before settling in just above $880. Analysts expect the yellow metal to continue to soar, reported MarketWatch.

The $900 mark "has quickly come within range as index re-balancing adds additional momentum to the already steady investment inflows prompted by lower interest rate expectations, oil-related inflation and the current geo-political tensions," said James Moore, an analyst at TheBullionDesk.com.

[Pietro]

Hey, I may be dumb, but I am not as dumb as I look!! The US$ 875 20 years ago, must be about US$ 3 000 (Three Thousand!!!!) now. So, stop bluffing us!!!