[bert]

The Carter era $800 gold price is clearly anomaly that was extremely short lived and not really pertinent to anything. In short, it has no value in the discussion except to take up space.

[Presbyterian Reporter]

“””The Carter era $800 gold price is clearly anomaly that was extremely short lived and not really pertinent to anything. In short, it has no value in the discussion except to take up space.”””
____

But-—

Gold was something like $40 per ounce in 1970 and the bubble burst at $880 ten years later. Or gold went up over 20 times in price in the 1970’s.

So if we should see a similar bubble this time around, then we started with gold at $250-300 in 2000 and if it increases 20 times that puts the blow off price at something in the range of $5000 to $6000 per ounce.

Given the propensity of governments around the world to print paper currency it is certainly possible for gold to get to such levels.

Scary isn’t it.