Tuesday, March 16, 2010

Gold Prices Rise in N.Y. on Demand for Alternative to Currency

“Gold is a good spot to be parking your money for the time being,’ said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. “Gold has that flight-to-safety aspect to it. It’s going to hold its value.”

Demand for alternative to currency and flight-to-safety aspects to it. You don't see that combined with gold to often in printed media. Keep this up and spin that labels gold holders as gold bugs (implied a little crazy and fanatic) get as many laughs as in the past. In the end, gold will go mainstream in terms of demand and general acceptance within the investment community.

Source: businessweek.com

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