Prices surge as investors rush to safety of gold

The perfect storm....

New York Times The price of gold rose above $1,500 an ounce on Wednesday for the first time, pushed higher by investor concerns about global inflation, government debt and turmoil in the Arab world.

The prices of other precious metals, like silver and platinum, have also surged recently on what analysts call a flight to quality, when uncertainty about the economic and political outlook sends investors into assets that are perceived to be safest.
“We’re seeing a perfect storm for gold and silver prices,” said Robin Bhar, a senior metals analyst in London for the French bank Crédit Agricole.