And now, when weighed down by the pains and aches of old age, when the head inclines to the feet, when the beginning and ending of human existence meet, and helpless infancy and painful old age combine to- gether--at this time, this most needful time, the time for the exercise of that tenderness and affection which children only can exercise towards ...
- Currency war to escalate. If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullionâs price today, according to a recent article from respected Bloomberg Intelligence. It seems like an outlandish forecast.
The 28 year record high gold price, in US Dollars, previously $850.00 on the p.m. fix on 21st January 1980, was smashed several times in January and February 2009, hit $1218.25 December 3rd 2009. On the afternoon London Fix of 6th October 2009, gold fixed at $1,038.75 per troy ounce. This was the highest ever dollar fix, until... the next day, on the morning London Fix of 7th October 2009, fixed further up at another new all-time high of $1,047 per ounce. Now $1,134.75 on 17th November 2009.