Gold Crosses $700 Mark
I feel like a broken record. I’ve grown hoarse trying to get people to invest in Gold.
Anyway if you haven’t buy some already, now may not be the best time to jump in. You might want to wait for a pull back. Of course, which way it’ll go from here is anyones guess.
However Gold still remains below a high of $850 on the cash market, a London fix price, set on Jan. 21, 1980. On that date, futures hit an intraday high of $875 before settling at $825.50. Adjusted for inflation, gold would need to trade to $2,200 to match those highs. [source: WSJ.com]
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