Dollar Collapsing Gold Soaring Are The Gold Bugs Finally Right

For longer than anyone can remember, gold bugs have been predicting the demise of paper-based currencies and the rise of their favorite yellow metal. Yesterday, gold cracked $1,000 per ounce, a level it has broken only briefly in the past. And the dollar continued its collapse. So are the gold bugs finally right? Should you swap all your dollars for gold dust and stash it in a safe-deposit box (maybe picking up some guns and cat food while you\'re at it)?
Channels: Precious Metals Currencies
Tags: Gold Precious Metals Dollar Currencies

Few rule changes in Wall Street

Sep. 10 - The financial crisis prompted policymakers to vowing that they will mend the system so it never happens again, but most reforms are still a work in progress.

SOUNDBITES:

Senate Banking Committee Chairman Christopher Dodd

Morris Goldstein is with the Peterson Institute of International Economics

Miya MacGuiness of the New America Foundation

Deborah Lutterbeck reports.