price of gold

Stock markets fall, the price of gold hits an all-time high, and Italian and Spanish borrowing costs rise as debt worries mount.

Glenn Beck has been contributing to the rising price of gold while also serving as a paid spokesman.

Amid a global frenzy fed by hedge funds, speculators and governments all rushing to stock up, the price of gold briefly surpassed $1,100 an ounce on Friday, a record high.

From the article: The price of gold is a referendum on the quantity and quality of paper money and, like the canary in the coal mine, it is signaling a warning: there's trouble with the dollar reserve standard.

Around the world the alert are looking for ways to abandon it.

Gold prices have extended their rally, climbing to fresh highs even as the dollar recoups some of its losses.