Thursday, March 19, 2009

Gold Skyrockets as Helicopter Ben Prints up $300 BILLION

Gold future rose more than 4% to above $920 an ounce after the Federal Reserve surprisingly committed to buy $300 billion in longer-term Treasurys to help the economy recover. Gold for April delivery rose 4.2% to $926 an ounce in electronic trading. Remember all those loons who told you to buy gold back when it was $200 an ounce? THEY WERE RIGHT.

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