Gold Bars Selling Like Hotcakes At Harrods
Gold Bars Selling Like Hotcakes At Harrods Henry BlodgetNov. 8, 2009, 9:49 AM Gold smashed through an all-time high of $1,100 an ounce on Friday, bringing some solace to gold bugs who have been losing money on the metal since the 1980s. Gold still hasn't come anywhere near its late-1980's peak on an inflation-adjusted basis ($1,800 or so), belying the general theory that it's a great inflation hedge. As the world gold frenzy really takes hold, however, $2,000-an-ounce predictions are coming fast and furious, so there's always hope. The NYT surveys the gold landscape, checking in on the ultimate symbol...
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Tags: 1980s, Adjusted Basis, Basis 1, Frenzy, Gold Bars, Gold Bugs, Great Inflation, Harrods, Henry 8, inflation hedge, Landscape, Money, Nyt, Ounce, Selling Like Hotcakes, Solace, Surveys, World Gold