gold-american-eaglesOn Friday, we saw gold futures end the day at a fresh record high, closing less than $3.00 from $1400 an oz.!  This happened just one day after gold had its biggest one day gain in almost twenty months - climbing more than $45.00!

For the week, gold rose 2.9%, following an equally spectacular 2.5% gain the previous week.

As exciting and spectacular as gold's run has been, believe it or not, the price is STILL not even close to its inflation-adjusted high of $875 an oz, set in January 1980.  In order for gold to equal $875 an ounce, in today's dollars, gold would have to trade around $2,300 an ounce!

Going forward, investors should find gold an attractive hedge against the Fed's QE2 inflationary consequences!  You can read more about the Fed's new $600 billion bond-buying spree here. . .




2013 1oz Gold Eagle $50 PCGS MS70
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2002-W $50 American Gold Eagle Proof – 1 oz. Fine Gold w/Mint Box
2002-W $50 American Gold Eagle Proof – 1 oz. Fine Gold w/Mint Box
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2017 1/4 oz American gold eagle ms-69  NGC
2017 1/4 oz American gold eagle ms-69 NGC
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