Gold, Again, Becomes a Shield Against the Unknown (NYT)

[metalman]

Gold, Again, Becomes a Shield Against the Unknown


GOLD is supposed to be a destination for scared money, but as the credit crunch intensified last month, this presumed haven lost value along with many other assets. Only after the worst of the crisis had passed did traders return to gold, sending its price sharply higher.

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someone remind me. is it a top when the nytimes writes about it or do i have to wait for the cover of time magazine?

[zoog]

Re: Gold, Again, Becomes a Shield Against the Unknown (NYT)

someone remind me. is it a top when the nytimes writes about it or do i have to wait for the cover of time magazine?

Eric and Beth Heiden, outstanding speed skaters, grew up in Shorewood Hills. At the 1980 winter Olympics in Lake Placid, NY, Beth won a bronze medal in the 3000 meter race. Eric Heiden won five gold medals, the most medals ever won by a single person, in the 500, 1000, 1500, 5000, and 10,000 meter races. Time Magazine February 11, 1980

In inflation-adjusted terms, we're nowhere near 1980. I say wait for the Time cover. (Dunno if there actually was one for the last gold bubble?)