Word: priced
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...most sections of the store from any vantage point. For example, standing on the corner intersection of the auto-care and crafts areas, you can look straight ahead and see where shoes, pet care, groceries, the pharmacy and other areas are located. And the discount price tags are still at eye level, so the value message doesn't get lost. (See how Americans are spending...
...would cost the former chain-studded, 1980s TV star $1,000,000 to get dressed today. Earlier this week, gold hit $1,009 an ounce, an 18-month high and only the third time it has made it into the quadruple digits. Adjusted for inflation, the price of gold is three times what it cost when Mr. T's B.A. Baracus and the A-Team were on the air. (See pictures of TIME's Wall Street covers...
...Typically, investors buy gold when they are nervous about the state of the economy. But the latest price run started in earnest in April, just as the fears of the financial crisis were easing. Demand for gold has been rising. And inflation, despite the mounting economic recovery, looks to remain in check. That has many thinking the rise in gold is just another sign that the global economy is on the mend...
...there are few signs that inflation will be rising anytime soon. The Consumer Price Index fell 0.2% in July and was down about 2% this past year. That's not inflation; that's the opposite. And while the economy seems to be recovering, it is still slow going. Unemployment continues to climb. Inflation, however, typically occurs when the economy is hot - the result of too many buyers for too few goods. Many think it will be months or years before the economy gains that much steam again. "Our prediction is that core inflation will not pick up until 2011," says...
...what is driving the price of gold? Adam says demand. And that's a good thing. As the credit crisis and global recession eases, more and more consumers, and industrial users like electronics manufacturers, are buying gold again. According to World Gold Council, demand for gold, while down from a year ago, rose 19% in the second quarter vs. the first three months of the year. Indeed, gold prices might be rising in anticipation of the normal holiday buying season...