Gold still far from 1980 peak

Discussion in 'Economics' started by observer67, Dec 3, 2009.

  1. Onlygold

    Onlygold

    How do we explained the fall back from $800/oz to $400/oz ?
     
    #11     Dec 4, 2009
  2. of course not

    this is different LMAO

    this is a new kind of trading strategy

    it is called

    BUY-AND-HOLD-TILLBECOMESCURRENCY
     
    #12     Dec 4, 2009
  3. Possibly, but the rate of inflation would have to be high vs. the increased price of gold. I'd say right now that gold is catching up, because we have inflationary expectations with some real inflation (depending on who's calculation you use).

    At worst its a store of wealth. The problem is arguing that people only own gold from its highs. If you've been accumulating it at various price points against the dollar and at various times, then the gold probably did you very well.
     
    #13     Dec 4, 2009