Gold Reaches $600

Gold today reached the important $600 level. It was only late last year that it reached $500. As the euro fell against the dollar following the ECB:s strange and irrational decision to rule ot a interest rate hike next month, gold rose even faster versus the euro. With the kind of irresponsible policies the ECB and other central banks pursue it is no wonder that investor prefers honest money that can't be debased by politicians and bureaucrats.