Gold hits 540 dollars

Gold continued to defy gravity Monday, topping $540 (U.S.) an ounce and trading at its highest level in almost 25 years.

The move comes after gold futures last week surged to their biggest weekly gain since February, 2002 as investors scrambled to bolster their portfolios with one of the world's hottest assets, and protect themselves from the growing threat of inflation.

Analysts at National Bank Financial, meantime, expect gold will hit $600 an ounce in the next 18 to 24 months.

Spot gold rose as high as $540.90 an ounce Monday, the highest since 1981. The move also sent platinum to its highest since 1980 and silver to its highest since 1987.

We all know why this is happening but the news doesn't seem to be reporting what is happening. The M3 data still hasn't been reported on any major news outlet and it doesn't look like it will.

If you are American I urge you to contact your representatives in government and tell them what is happening and do something about it. If they don't do anything about it you may have to consider finding out where they live so when the economic collapse comes you can go to their homes and lynch the lot of them.