The ‘Golden Staircase’ Points to Record Prices for Gold
Sep 16th, 2009 | By Peter Krauth | Category: Gold MarketAs gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last.
As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last.
Pack a lunch and blow the froth off a cool one…as I’ve got three days of gold and silver market activities to talk about…and lots of fascinating reading as well.
Today, I’d like you to imagine a hot-dog business. After buying your cart, permits, insurance, hot dogs, buns, and condiments, you hit the street. You sell hot dogs people will happily pay $2 for. Let’s say it costs you about $1.50 to produce a hot dog, so you’re making a gross profit of $0.50 per unit.