Krykee. And I thought I was being robbed ten years ago when I paid $385 / ounce.
After reaching $1,001 on the New York Mercantile Exchange, gold for April delivery dropped slightly to $999.70 by midmorning Thursday.Luv the Turtle, baby.
The price still doesn't match the all-time high of $850 in 1980, if that price is adjusted for inflation. An $850 ounce of gold then would be worth $2,177 in today's dollars.
The $1,000 an ounce price, though, is still a milestone and a telling sign that investors are continuing to abandon the dollar.
