Gold Hits $1,500; Angst Report Sells Gold Crown Near Topdebragalant | April 19, 2011
Masters of the Universe don’t believe in crackpot theories like the world ending on May 21, 2011. But they do believe in the price of gold, which is pretty much saying the same thing.
Gold, which is where investors put their money when they don’t believe in more theoretical investments like real estate, stocks and US government bonds, hit a record $1,500 an ounce in intraday trading today.
Meanwhile, the Angst Report is happy to report that we sold the gold crown that formerly graced tooth #2 for $25 at a local gold-buying event on Saturday. Which either means that 1) We brilliantly played the market in gold, selling almost at the high, and our gold crown weighed less than 2/100ths of an ounce or 2) we got ripped off.
The Angst Report prefers to believe the former.
Next stop for the smart money: under mattresses?
Gold bullion picture: Wikipedia.