Bloomberg.com reports gold prices made the biggest jump in 26 years with the worst financial crisis since 1920s.

Gold also headed for its largest weekly gain since October 1999 after the U.S. yesterday took over American International Group Inc., the country’s largest insurer, and Lehman Brothers Holdings Inc. filed for bankruptcy. The Federal Reserve today almost quadrupled the amount of dollars central banks can auction in a coordinated attempt to calm financial markets.

Afshin Nabavi, a Senior VP at MKS Finance SA says:

“There’s a big mess going on out there and no sure investment as such, except for the safe haven that is gold.”  “Take possession of it and keep it under your mattress.”

For complete story, click this link. Follow developments in gold mining and exploration for free. Sign on to the Gold Investing Newsletter.