Gold: the economic safe haven?

Link to the article: Channel 4 News

By Channel 4 News

Despite reports that the UK economy may be heading out of recession, gold passes the $1,000 an ounce mark for only the third time in history.

Gold is an investment that usually does well in uncertain times.

And despite reports that the UK economy may be heading out of recession, gold has passed the $1,000 an ounce mark for only the third time in history.

It peaked yesterday at $1009 per troy ounce, close to the all-time record of $1032 set last March.

But adjusting for inflation, it is a long way behind the highs hit in 1980 when it passed the equivalent of $2200 in today's money.