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  1. #1
    Senior Member JohnDoe2's Avatar
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    Gold Price Plunges 5.6%, Tarnishing Safe-Haven Image

    Gold Price Plunges 5.6%, Tarnishing Safe-Haven Image

    By Alex Ferreras on August 26, 2011 in Personal Finance

    Maybe gold isn’t so safe after all. After months of setting record after record, the price of gold plunged $104, or 5.6 percent, Wednesday to finish at $1,757 per ounce. That was the biggest percentage drop in nearly 3 1/2 years and a blow to investors who thought the metal could go only one way – up.

    “Gold was considered a safe haven for years because it wasn’t popular, but now it’s popular,â€
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    Senior Member draindog's Avatar
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    silver. its way good now i hope.

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