Alert
Close

Help Disrupt Aging. Join White House Live Stream Today at 8:30 a.m. ET. Learn more

Highlights

Open
Renew for 3 and attend Life at 50+ for free

Contests and
Sweeps

You Could Choose Your Dream Vacation!

Hawaii, the Grand Canyon or an Alaskan Cruise! No purchase necessary. Ends May 31. See official rules.


Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

You Could Choose Your Dream Vacation
Happy African American couple

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

to READ.

What’s Behind the Gold Rush?

Shaky financial institutions and fears of inflation make a risky investment hot again.

stack of gold

— Photo by Anthony Bradshaw/Getty Images

And they point out that gold can be a bad bet—especially after a batch of good economic news. On just a single Friday, last Dec. 4, gold fell a stunning $48.60 an ounce after a surprisingly good report on jobs in the U.S. Old-time traders recall the early 1980s, when the price fell from about $850 an ounce to below $300 in the space of 2 1/2 years.

Another cause of concern: declining demand by jewelers. Gold consumption fell 34 percent in the third quarter of 2009 from a year earlier, according to the World Gold Council, an association of gold mining companies. Jewelers, who typically account for about two-thirds of all gold purchases, bought 30 percent less in the quarter—a sign that a rising price of gold can curb jewelry consumers’ appetites.

Indeed, at Fort Knox, the high prices are attracting far more sellers than buyers these days, Linda Wright says. “At prices this high, a lot of folks look into their jewelry cases for the bracelets and necklaces they aren’t wearing any more. For them it’s a good way to earn a little extra cash around the holidays.”

Michael Zielenziger writes about business and the economy. He lives in the San Francisco Bay Area.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Credit safeguards with AARP® Identity Theft Protection from TrustedID®.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Man using cell phone outdoors

Members save on monthly service & usage fees and get free activation with Consumer Cellular.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Advertisement

Advance your skills. Transform your career.

Explore your learning possibilities.