![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhF0Y04VnbIjEXrkcB7Gf1mUBlAoow2be6uYHGwEWC6s3vAdlh6f6sGLgvPGQRSrMoIaZv535uD8647vp7CBmSjAZlwW2q83MOHZM2JE7FuMQv9faFobcUwIH5A5ZDa1M2vLz2Uw/s320/gold+USGS.jpg)
The price of gold is $1602.21 at this writing, a new record and perhaps only a milestone on a path to even higher prices according to some. Silver also surged, jumping over $40.51 after retreating from that level earlier this summer. [right, gold nugget. Credit, USGS]
update 7-18-11 1pm: I edited this post to remove excerpts of a press release by an exploration company because some readers interpreted it as an endorsement.
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