Unrest in Pakistan, a faltering dollar and surging oil futures sent the price of gold soaring to a record high on Wednesday, beating its previous highest level set 28 years ago.Dollar below 80? Check.
The precious metal rose to 859 US dollars, smashing its peak of 850 US dollars an ounce reached on January 21, 1980.
Oil above $90? Check, $100 for the first time ever today.
Gold at an all-time high? Check.
I haven't figured out who or what the Fourth Horseman of the Dollar Apocalypse is yet, but I'm pretty sure she'll be coming along presently. As I told Jozum this morning, I am really, really glad I don't live in a city. Really.