Gold's New High: A Round Up of Views

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...gold commentary from Prudent Investor - "Gold hits a record - you would not know from the WSJ". Toni Straka makes some interesting observations on the mainline media's haughty attitude towards gold and honest money in general.

Gold is making new all-time highs daily, as the dollar price for spot gold rises above $890 an ounce.

Strong fund buying since the start of the new year, momentum in the key Japanese gold futures price, and the launch of a new gold contract in Shanghai helped to fuel the rise, according to Reuters.

With the recent bullish action in gold prices, I've been planning a little wrap-up of some interesting gold commentary. ..

1. Financial Times - "Gold is the new global currency". FT seems to be gradually coming around to the idea that gold is, in fact, money. Yes, Virginia, gold has been money for over 2,000 years, and it will still be here when those banknotes you hold in your wallet are nothing but museum pieces (to paraphrase Richard Russell).

2. Bloomberg - "Gold climbs to records as investors seek alternative asset". Professional investors argue over the merits of buying and owning gold. Still, it's nice to own something that won't get cratered by unexpected defaults and faulty agency ratings.

3. Prudent Investor - "Gold hits a record - you would not know from the WSJ". Toni Straka makes some interesting observations on the mainline media's haughty attitude towards gold and honest money in general.

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