certainty seems the same, why is the price going down. people feared there would be a recession and they feared the fact that inflation therefore would not go up as much. so if inflation is not going to rise, you re not wa worried about inflation, gold is a hedge against inflation, and so gold falls. jenna: if you get into the market right now you may be say, maybe this is the way gold is all the time. if you bought gold when it was under $500 you look like a general just now. i present the 1970s and the early 1908s when we had the last huge run up in gold prices and it went up to about $800 an ounce. when they undercut inflation the price fell and it didn t go back above $800 for almost 30 years. so if you had bought at $800 an ounce that was a lot of losses
whether he can sell that to the american people is another question. it s interesting, because when he goes on the campaign trail and talks to conservative republican audiences, he gets a standing ovation when he talks about 999. jen and it sticks, it s something you can remember and seems simple enough you can understand a complicated tax structure and we know the tax system is so complicated right now. let me just say one thing if i could, an interesting story about that 999. people have been asking herman where did that come from and as you know he was the president of godfather s pizza, so the joke in washington, i don t know if this is true or not, but his slogan when he was the head of godfather was two medium pizzas for 9.99! that s where this came from. jenna: you wonder. we re only speculating! that could be an interesting connection. if it works for pizza, maybe it s worth a shot. getting back to why we pay taxes, the reason why we pay taxes is we hope we get it back in ser
details that are tough for anybody to really understand. great perspective there, thank you so much. jon: the cost of healthcare shot up this year, probably no surprise if you ve been looking at your premiums, according to a new survey that finds health insurance premiums for the family plans paid by employers increased an average of 9% just this year. the cost passing the $15,000 mark for the first time. shannon bream live in washington for us right now. what else are we learning from this study. reporter: jon the numbers give us a look at exactly out cost of annual health insurance premiums have gone up in one yore: for a single worker the cost went from $5,049 in 2010. t here is an important point. while premiums are up and average of 9%, workers wages
positioned himself very much as the grown-up in the room, the reasonable one, something that the president s advisors thought would help him appeal to the independent voters that he needs if he s going to win relection next year. we re seeing a very different tact now. a very aggressive tact, especially after the president saw dismal approval ratings following that bruising debt ceiling battle. we ve seen the president taking his message to the home turf, as you mentioned, of his rivals and calling them out by name. we saw that this past week when he went to the brent spence bridge which is the bridge spanning the home states of house speaker john boehner and senate minority leader mitch mcconnell. here s what he said. the bridge behind us just happens to connect the state that s home to the speaker of the house with with the home state of the republican leader in the senate. now that s just a coincidence. it s purely accidental that that happened. but part of the reason
forum all week. i had a chance to sit down with the former president bill clinton for an extensive interview. part of it will air this hour. part in the next hour. i want you to stand by. only a few blocks away at the united nations, president obama s on a major diplomatic mission of his on and a number of critical issues are on the table. let s bring in jessica yellin. she s with me here at the clinton global initiative. a huge day today. maybe even a more important day for the president tomorrow. that s right. but first today, it was a major day of diplomacy for the president. today, he met with the new leaders of a post gadhafi libya. emphasized that the u.s. will be reopening its em bah sbassy in this week. the president also sat down with afghan president hamid karzai. the first time the two lead rs have met face to face since the administration announced it would start drawing down troops. also, the president has had a meeting with turkey s prime minister. now, histor