Gold In Pounds Rises To New Record High After Moody’s Lists 14 UK Banks For Downgrade Review

Tyler Durden's picture

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Crisismode's picture

Does Dagong rate PRC debt AAAAAAAAAAAA++++++++++++++++?

oh_bama's picture

Always going to be new record if you value gold in weakest currency units.

In a few days oil will be all time high in Belarus currency but so what??

Is it News? Entertainment? Opinions or just repeatitive information?

(Same as employment and claims always revised upword, but that is another discussion)



writingsonthewall's picture

Horse, door, barn, bolted.

Bubbles the cat's picture
Bubbles the cat (not verified) writingsonthewall May 24, 2011 10:32 AM

I see it more like this:

our financial geniuses put the contents of the barn on the horses then bolted out the door

hugovanderbubble's picture

Ratio will be :

Gold onze  equals 8 times Silver onze.

KlausK's picture

Would be too good to be true.

Libertarian777's picture

I think its more 1oz gold = 15 trolls

overmedicatedundersexed's picture

Icelandic irruption high for PM's coming down the track..things have gone dead calm as we head into the mega tornado at rapture gulch..BTFD.

Nations sitting on the edge slowly tipping into default.

Fat Ass's picture

Yawn -- gold's previous GBP "all time high" was a whole three months ago.

An interesting one is the AUD - the AUD has been absurdly high (viz a viz other national paper), so gold is relatively not doing well in AUD - it's finding it hard to reach a new AUD high.

trav7777's picture

who gives a fuck what Dagong says; they have no power

tmosley's picture

Except among the Chinese, who happen to hold quite a bit of our debt.

Bubbles the cat's picture
Bubbles the cat (not verified) tmosley May 24, 2011 10:31 AM

Ah....yes....there is that...err...minor detail.

tallen's picture

I miss the whole A= Good B=ok C=not good D = crap.

Not this whole AAAAA++ garbage, so that moody's can get massive fees.


AladdinSaneGirl's picture

Exactly: no schoolteacher would use a scale that differentiated between AA- and A+. LOL.