Gold at $1,000 an ounce

February 20, 2009
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The gold hawkers are right, at least for now. Gold has been a better investment than stocks, bonds and other conventional places to park moneyâ??hitting $1,000 an ounce today.

That signals investors are nervous about prospects for the economy and mainstream investments, says Courtenay Stone, a Ball State University economist and former official at the Federal Reserve Bank of St. Louis.

Investors are worried about the sliding economy and paying off the $1 trillion-plus stimulus, Stone says: â??Itâ??s kind of an investment of desperation.â??

In a few years, inflation will roughly double from the 2.5 percent typical of recent years, Stone believes, but wonâ??t approach the 10 percent or more experienced in the â??80s.

How do you feel about the economy, and about gold as an investment?
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  • And 6 months ago oil was at $140 a barrel with experts predicting $200+. What goes up must come down. Gold was a good investment 6 months ago. But who knows when it will come crashing down. After it hits $2,000 an ounce or $1,001 an ounce.
  • on a similar note, the Japanese are most likely cleaning up well. Aparently their sewage yields more gold than top mines. go to yahoo and search (with quotes) Japan sewage yields more gold than top mines.
  • Must be hard on the local jewelry stores...

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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