Idaho Investors Looking At Gold
As the value of stocks plummet on Wall Street, there is one commodity that is gaining value -- gold. The price for gold reached an all-time high Monday of $1,700 per ounce. Marvin Tanner is the owner of Gem State Gold and Silver. He's been in the business of buying and selling gold for more than 20 years. He says he's never seen gold prices as high as they are. The price of gold has nearly doubled since 2009. Its value is only growing after Standard and Poor's downgraded America's credit rating on Friday. Some analysts say gold prices could jump to $2,000 per ounce in the next few weeks.