{"id":50516,"date":"2009-11-27T07:28:54","date_gmt":"2009-11-27T12:28:54","guid":{"rendered":"http:\/\/www.businessinsider.com\/gold-tumbles-as-nervous-investors-want-greenbacks-instead-2009-11"},"modified":"2009-11-27T07:28:54","modified_gmt":"2009-11-27T12:28:54","slug":"gold-tumbles-as-nervous-investors-want-greenbacks-instead","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/50516","title":{"rendered":"Gold Tumbles, As Nervous Investors Want Greenbacks Instead"},"content":{"rendered":"<p>One day, we may see a shock economic event, which causes investors to dump dollars and rush to the safety of gold.<\/p>\n<p>But we&#8217;re not there yet. For now, we still live in a world where, in times of nervousness, people rush to the familiar green currency that we can make more and more of, and which so many people think will be as valuable as toilet paper.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE5A80MQ20091127?feedType=RSS&amp;feedName=businessNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FbusinessNews+(News+%2F+US+%2F+Business+News)\">Reuters<\/a>: Gold prices tumbled nearly 5 percent to a one-week low below $1,140 an ounce on Friday as investors fearing debt default in Dubai sought safety in dollars and cash.<span><\/span><\/p>\n<p style=\"padding-left: 30px;\">Other precious metals also slipped. Silver hit a two-week low of $17.66 an ounce, while platinum and palladium touched one-week lows of $1,418.50 and $351 an ounce respectively.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.reuters.com\/article\/businessNews\/idUSTRE5A80MQ20091127?feedType=RSS&amp;feedName=businessNews&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+reuters%2FbusinessNews+(News+%2F+US+%2F+Business+News)\">Read the whole thing &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/gold-tumbles-as-nervous-investors-want-greenbacks-instead-2009-11#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/jpmorgan-stop-freaking-out-2009-11\">JP Morgan: Stop Freaking Out, The UAE Can Easily Save Dubai<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/how-scroomed-are-hsbc-and-standard-chartered-on-dubais-default-2009-11\">Just How Scroomed Are HSBC And Standard Chartered On Dubai&#8217;s Default?<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/potential-dubai-default-rocks-financial-markets-while-dollar-soars-on-panic-buying-2009-11\">Potential Dubai Default Rocks Financial Markets, While Dollar Soars On Panic Buying<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>One day, we may see a shock economic event, which causes investors to dump dollars and rush to the safety of gold. But we&#8217;re not there yet. For now, we still live in a world where, in times of nervousness, people rush to the familiar green currency that we can make more and more of, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-50516","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/50516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=50516"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/50516\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=50516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=50516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=50516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}