Thursday, March 13, 2008

crisis

march 13 2008

Some time ago I blogged about the behaviour of investors in times of crisis.
Now the dollar is at a very low value, investors turn to materials that keep their value, like gold.

Today oil reached a prize of $110,70.
A new record.

And gold reached a price of $997,50 per troy ounce (31 grams).

The risk associated with these developments is that people get insecure and too careful with their money.
Which might even worsen the crisis.
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