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

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Tue, 05/24/2011 - 07:08 | 1304432 Crisismode
Crisismode's picture

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

Tue, 05/24/2011 - 07:16 | 1304441 oh_bama
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)



Tue, 05/24/2011 - 08:20 | 1304524 Michael Victory
Michael Victory's picture


What up brother oh..?

Stay Away From Gold.


Tue, 05/24/2011 - 07:13 | 1304434 writingsonthewall
writingsonthewall's picture

Horse, door, barn, bolted.

Tue, 05/24/2011 - 10:32 | 1304916 Bubbles the cat (not verified)
Bubbles the cat's picture

I see it more like this:

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

Tue, 05/24/2011 - 07:13 | 1304438 hugovanderbubble
hugovanderbubble's picture

Ratio will be :

Gold onze  equals 8 times Silver onze.

Tue, 05/24/2011 - 07:23 | 1304446 KlausK
KlausK's picture

Would be too good to be true.

Tue, 05/24/2011 - 10:25 | 1304887 Libertarian777
Libertarian777's picture

I think its more 1oz gold = 15 trolls

Tue, 05/24/2011 - 07:23 | 1304447 overmedicatedun...
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.

Tue, 05/24/2011 - 07:38 | 1304454 Fat Ass
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.

Tue, 05/24/2011 - 08:21 | 1304520 trav7777
trav7777's picture

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

Tue, 05/24/2011 - 08:21 | 1304527 tmosley
tmosley's picture

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

Tue, 05/24/2011 - 10:31 | 1304902 Bubbles the cat (not verified)
Bubbles the cat's picture

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

Tue, 05/24/2011 - 08:34 | 1304540 Dolemite
Dolemite's picture

Gold at a crossroads?

Tue, 05/24/2011 - 08:39 | 1304556 tallen
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.


Tue, 05/24/2011 - 11:04 | 1305024 AladdinSaneGirl
AladdinSaneGirl's picture

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

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