Gold Gains Above $1,320

Reuters
October 1, 2010

Gold prices rallied to record highs above $1,320 an ounce on Friday as the dollar weakened further on soft U.S. manufacturing data, fueling interest in the precious metal as an alternative asset.

Spot gold [XAU=X 1317.3 12.05 (+0.92%) ] was last bid around $1,318, against $1,305.25 late in New York on Thursday.

U.S. gold futures [GCZ0 1318.3 8.7001 (+0.66%) ] for December delivery last rose toward $1,319 an ounce.
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G. Edward Griffin Silver Shines as an Economic Solution

G. Edward Griffin discusses the US monetary system, fiat money, legal tender and the value of silver and gold.

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Silver Shines as an Economic Solution

G. Edward Griffin discusses the US monetary system, fiat money, legal tender and the value of silver and gold.

Idaho State Representative Phil Hart explains the "Idaho State Silver Gem Act" that he authored and plans to re-introduce next year. The Silver Gem Act allows the State Treasurer to sell and accept silver medallions for people to use any way they wish. Silver transactions with the State would be penalty and premium free. The silver would be set at market value.