Gold Reaches $1000/Troy Ounce (09Sept09)

The G20 economies are doing so well that the price of gold hits $1000 an ounce. They blame it on a worldwide recession, when it's mostly only the G20 countries that are in recession that they themselves created. Luckily the UK has financial genious Gordon Brown (New Labour), he sold half the UK taxpayers gold reserves at the bottom, creating a massive loss for the UK taxpayer,, buying worthless bits of paper Dollars and Euros.

Now the UK needs money, it is flat broke as it's assets are gone.

Recorded from Channel4 News, 09 September 2009.

Category:

News & Politics

Tags:

• gold
• price
• hits
• $1000
• troy
• ounce
• september
• 2009

[anon2999]

Good thing Brown sold the majority of your gold for $275/ounce. :D

[jackiechops]

That is some increase!! If only I'd listened earlier to that little voice inside my head. On Bloomberg 2nite,it said that the 1982 price of gold was equivalent to over $2000? Something like that anyway.

[rainstormaeroponics]

yep your right

silver has more than doubled in the last 12 months

[jackiechops]

I wish I was loaded, I'd have bought tons of the stuff! There's always silver though which is going up as well. I've read that you're safer to physically have the metals, rather than entrusting your money to a Financial Adviser. But I don't know.