Gold craziness

Gold over $1000 an ounce? Hard to believe -- and I only hope not too many objects valuable for more than their metal content get melted down this time around (there were quite a few losses when gold broke the $800 barrier briefly back in 1980: adjusted for inflation, twice the current price).

Meanwhile, this just in from Ethiopia:

Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.

It follows the discovery that some of the "gold" it had bought for millions of dollars was gold-plated steel.

Posted by David on March 13, 2008 1:05 PM