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Gold is real money. Gold is the king of money."Gold Holds Gains After Nearing 25-Year High on Osama Tape" Jan. 20 2005 -- Gold prices held their gains after approaching a 25- year high as anOsama bin Laden warned of more al-Qaeda attacks in the U.S. Investors tend to buy gold as a safe haven asset to guard against declines in other investments in times of political uncertainty. Gold for immediate delivery surged $14.50, or 5.3 percent, on Sept. 11, 2001. ``The Osama threat has sparked another rally in gold prices,'' Gavin Wendt, a resources analyst at Fat Prophets Fund Management, said by phone in Sydney. ``People are nervous and are buying gold stocks.'' Gold for immediate delivery rose as much as $3.86, or 0.7 percent, to $561.66 an ounce today, just below the 25-year high of $564.30 set Jan. 17. It traded 56 cents higher at $558.36 an ounce in the Singapore gold market. We encourage you to use this page as a resource to find information on gold bullion, gold markets, the trading and selling of gold in the gold market . |
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