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Message: Gold price

Gold price

posted on Sep 18, 2008 08:45AM

Gold futures extend gains as crisis continues

Nervous investors push prices to near $900 an ounce overnight



"Goldbugs have been proven correct in the contention that "an overwhelmingly vast and complex pool of nested financial derivatives would ultimately result in cascading defaults and ruin for major portions of the banking system," wrote Citigroup analyst John Hill.

"Frankly, we're surprised that gold is not already at $2,000 per ounce," he added."

Sep 18, 2008 09:39AM

Sep 18, 2008 09:42AM
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