According to the AP, Gold was up nearly $100 in the last two days; the largest ever one-day price jump. Prices have been drastically affected by last week’s collapse of Lehman Brothers Bank and the ensuing influx of money that has been pumped into other failing financial institutions. Kevin Grady, a gold trader based in New York with MF Global states:”This is a very scary time and everyone is asking one thing: ‘Where is the safest place to put my money?’ Right now, gold looks like a good place.”

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Tags: gold, gold as a safe haven, gold surge, gold trading, Lehman Brothers

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