The price of gold slipped slightly last week, which is in stark contrast to what the so-called "experts" said to expect long term. Analysts at Morgan Stanley and UBS said Wednesday they expect gold prices to trade higher in 2009, benefiting from some safe-haven buying as well as long-term concerns
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From Mythology to the Economic Standard
The Incas called gold the "sweat of the sun"; the Pharaohs insisted on being buried in what they referred to as the "flesh of the gods"; and Isaac Newton established gold as the benchmark of a new global economy.
Sir Isaac Newton, England's Master of
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The interesting thing about the internet these days is that we can see the inter-play of gold prices and the international economic climate. We can read about laid-off retail workers in England, nervous buyers in Israel and the Mideast, and frightened consumers around the United States.
But
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This weekend, I was in Phoenix, Arizona and then headed upstate to Kingman. A friend mentioned that there was a gold mine along the way that operated “when gold prices are good.”
I’m guessing it’s not in operation currently. There are many ways to get the gold out of the ground, including panning,
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