The gold bubble is gonna burst! :^)
How about a chart showing the inflation adjusted price of gold since 1978, just like the similar charts for oil?
Well yes, but....the dollar is of different value than 1988.
When everyone agrees about gold going way up, we will be close to a top.
Consensus it oftentimes incorrect. Careful out there.
So if I invested in gold in 1988 I would be even right now? Oh, I forgot inflation, so I would still be at a loss.
Glad I invested in growth stocks.
The only people who make money on gold are those who sell it and futures in it.
We bought in 1999. It was around $280 then.
I've NEVER been able to understand how our monetary systems is based upon gold.
you can't eat it, breath it, drink it, drive your car with it,..... its a freak'n hunk of metal worth nothing more than decorating yourself if you're over 50 and extremely vain, and various electrical conductor work.
never got it.
Does this mean gold reserves are feared declining and/or refineries are max'ed out at peak production?
It's Bush's fault.
WOW!!!!!!!!!!
Gold is good to have in any portfolio. I'd say at least 15%.