Thursday, February 21, 2008

Spot the Price

Currencies and Commodities @ NYT 4:00PM CST

Watch me bitch about metal prices for a moment. Let me just say tha $940 for a troy ounce of gold is fucking ridiculous. And $2,100 for a troy ounce of platinum? My god, who is buying all of this? It can't all go to computer parts and catalytic converters. If you want a sign that the economy is shaky just keep your eye on the spot prices for precious metals. Three years ago a troy ounce of gold fetched around $350 to $400. Fucking ridiculous.

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