In May 20, 2010, when I first took note of Rep. Anthony Weiner’s attack on Glenn Beck for promoting gold, the price was $1,192.60 per ounce. Now here’s Monday’s headline from Bloomberg:
Gold Tops $1,600, Surges to Record
in Longest Rally in 31 Years on Debt
Monday’s price was $1,607.90 an ounce, which means gold has increased $415.30 per ounce since May 2010 — a 35% gain in 14 months.
Beck was right. Anthony Weiner? Not so much.
UPDATE: Welcome, Instapundit readers! Perhaps I could interest you in a $120,000 7-carat diamond ring?
[…] price fluctuated between gains and losses. The August contract reached a record $1,624.30 yesterday.You should have listened to Glenn Beck!PREVIOUSLY:July 25: Spooky Kabuki: More Free Primetime TV for the Summer Bummer Obama DramaJuly 25: […]