To: shrinkermd
Gold's historic high was set on January 21st, 1980 at $850 an ounce. I fully expect to see it reach, and surpass those levels.
22 posted on
04/16/2006 6:33:34 PM PDT by
Old_Mil
(http://www.constitutionparty.org - Forging a Rebirth of Freedom.)
To: Old_Mil
The 850 number is not even inflation adjusted. You know, when people say "Gas cost more than it ever did", you always get somebody piping in talking about inflation adjusted gas prices were higher in 80 than now.
current gold spot up $9.20, silver up .59
24 posted on
04/16/2006 6:38:11 PM PDT by
djf
(Bedtime story: Once upon a time, they snuck on the boat and threw the tea over. In a land far away..)
To: Old_Mil
I agree with you, and I believe that if you look at it in terms of commodity cycles and currency inflation, gold is still undervalued at $600.
To: Old_Mil
Gold's historic high was set on January 21st, 1980 at $850 an ounce. I fully expect to see it reach, and surpass those levels.As do I.
28 posted on
04/16/2006 6:42:54 PM PDT by
Rockitz
(This isn't rocket science- Follow the money and you'll find the truth.)
To: Old_Mil
Gold's historic high was set on January 21st, 1980 at $850 an ounce. I fully expect to see it reach, and surpass those levels. If you factor in inflation when and if gold reaches 850 dollars it is still about half of what it was in 1980.
37 posted on
04/16/2006 7:33:39 PM PDT by
cpdiii
(roughneck (oil field trash and proud of it), geologist, pilot, pharmacist, full time iconoclast)
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