Gold nears all-time high | www.bullfax.com

May 7, 2010   //   by Admin   //   Sell Scrap Gold  //  Comments Off

Peter Cooper submits: Gold prices have been remarkably resilient in the face of stock market volatility this week, although silver has weakened along with the industrial commodities and most notably oil.It appears that gold is back to its traditional role as a safe haven. There was a new all-time high in terms of sterling, and of course the crash in the euro to $1.28 can only encourage euro zone investors that gold is a good buy. Risk of Contagion Bolsters Gold’s Status …

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