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To: Presbyterian Reporter

I didn’t realize $ 1424 was the all time high. For some odd reason, I thought it was almost $ 2,000.

Bad memory must be catching up to me.


9 posted on 03/01/2011 5:27:46 AM PST by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: Daisyjane69

You’ve probably seen $2000/oz so many times the number has imprinted itself in your mind. It, or numbers near it, are the inflation-adjusted high of the 1979 peak ($850) adjusted to current dollars. Using the government’s own (understated) inflation numbers, no less! If you use more realistic inflation numbers, you get more like $5000-$6000/oz. This, to some of us, makes it still a buy here at $1400.


14 posted on 03/01/2011 5:41:49 AM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Daisyjane69
You are correct. The all time high in real terms is around $2000. However, some people believe that the price of gold is “fixed” therefore the value of currency fluctuates to accommodate the “fixed” price.
15 posted on 03/01/2011 5:43:38 AM PST by Perdogg (What Would Aqua Buddha do?)
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