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Gold Takes Out All Limit Orders To Hit Fresh All Time High $1,307. Next Stop: $1,500?

Submitted by Tyler Durden on 09/28/2010 10:37 -0400

The Fed thinks it can destroy the dollar? Sure they can. Too bad fewer and fewer people actually give a rat's ass anymore. Gold just took out the $1,300 psychological barrier. Next stop, as predicted earlier today by BofA's Widmer: $1,500.

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Tue, 09/28/2010 - 14:41 | 610821 still kicking

Today is my son's 3rd birthday, how many 3 year old's get 2 ounces of gold from dad? It's better than that shitty 529 plan I had started for him.

Tue, 09/28/2010 - 14:44 | 610822 What_Me_Worry

Hope he doesn't try to eat it.

Tue, 09/28/2010 - 15:02 | 610873 Dr. Richard Head

+2615.40

I have been taking my (10 and 2) girls bonds, purchased by their great grandfather for them, cashing them out and then buying silver and gold whenever possible.

I always wondered why my grandmother was giving us kids silver back in the day. She went through the great depression and told me this was real money.

Tue, 09/28/2010 - 18:11 | 611409 MsCreant

Good woman. Probably a strong one too. Bet she was a red head.

Tue, 09/28/2010 - 15:00 | 610865 Shameful

Impressive! I thought I was a high roller giving each of my nephews a roll of silver rounds each, every Christmas. They know it's money and they have an idea it's a lot. They wanted to put it in their piggy banks, but my sister was having none of it :)

Tue, 09/28/2010 - 15:12 | 610913 still kicking

haha not a high roller just decided to ditch his 529 and get him gold and silver instead and pad it a little. I think he has more than I do now all together.

Tue, 09/28/2010 - 15:01 | 610872 kragsquest

Don't count on The New York Times running a front page or even business section headline on $1300 gold. but surely Paul Krugman will be grousing about it in his column. Are there no gold bugs at the NYT or Wall Street Urinal?

Tue, 09/28/2010 - 15:05 | 610881 Silversinner