http://www.regalgoldcoins.com/gold-price-chart.html - Price of gold to passes the $1,600 an ounce for the first time in history over the US debt Ceiling and eurozone debt crisis. US gold dealer Regal Assets estimates that gold bullion and silver coins are still some distance from its real record high as 1 oz of gold traded at $835 January 1980 which is the equivalent of $2,400 today.
As of June 29, 2011, the Total Public Debt Outstanding of the United States of America was $14.46 trillion and was approximately 98.6% of calendar year 2010's annual gross domestic product (GDP) of $14.66 trillion. Using 2010 figures, the International Monetary Fund places the total U.S. debt at 96.3% of GDP, ranked 12th highest against other nations.
Due to the importance of gold prices in relation to the world economy, Regal Assets has released the phone app iGoldLive. iGoldLive is a phone app that delivers live gold price news and alerts to smartphones such as the Droid and iPhone. Investors can inquire to buy gold and silver from iGoldLive or make a purchase for physical delivery over the phone at 1-877-962-1133