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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

currency debasement

Gold reaches all-time high

Posted by RJ and Makay on Aug 11, 2011

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Gold futures reached a new record yesterday, topping $1800 for the first time. Gold is seen as a haven from stock market volatility and currency debasement amid escalating U.S. and European debt woes. The MSCI World Index of shares neared the lowest level since last September as shares tumbled in world markets this past week. Through Wednesday, gold rose 8%, the biggest three-day rally since November 2008.