Daily Dispatch: Weekend Edition – May 16, 2010 – Gold Speculator
We then compared that data to the gold price in inflation-adjusted dollars in order to determine the price that the broader investment public began piling into the gold. The number worked out to about $1250 per ounce in today’s dollars. …. It’s been almost two full years since the October 2008 crash, and Europe just announced a $962 billion bailout package, with $321 billion coming from the IMF. So much for the recovery; we’re obviously still in the bailout phase. …
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