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What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

Oct 12, 2009 02:24PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

striketheroot2

Oct 12, 2009 04:53PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

striketheroot2

Oct 12, 2009 04:55PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

Oct 12, 2009 06:59PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

Oct 12, 2009 07:25PM

striketheroot2

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Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

in response to

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

posted on Oct 12, 2009 07:46PM

Two different ways to look at it:

1) That inflation-adjusted value, which is about 2300-2400 dollars, is using the infamously-managed consumer price index. Using other realistic inflation measures, it's higher.

2) Gold went from $35 to 887.50 in that bull market, a factor of 25. We started at $252 in this run; $252 times 25 = $6300.

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

mises

Oct 12, 2009 07:51PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

striketheroot2

Oct 12, 2009 07:58PM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

scoutaz_2003

Oct 13, 2009 03:20AM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

scoutaz_2003

Oct 13, 2009 03:27AM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

Oct 13, 2009 05:22AM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

BAIRES2

Oct 13, 2009 05:27AM

Re: What's The Big Deal About Gold Going Over $1,060/oz (The New Record High)?

striketheroot2

Oct 13, 2009 06:42AM

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