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Tuesday, August 9, 2011

Gold Hits Record $1,778

“Gold hit a record $1,778 an ounce on Tuesday, in its biggest three-day rally since the depths of the financial crisis in late 2008, as equities succumbed to investor fear over the threat to the global economy from the European and U.S. debt crises.” (Reuters)

The least surprising news of the day.

FEE Timely Classic
“Gold and Money” by Warren C. Gibson