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To: Woodman
$1000 worth of gold bought in 1980 would be worth about $2200. $1000 dollars from 1980 have inflated to $2865. The price of gold has not keep up with inflation long term.

You're cherry-picking dates. Try it from the early 30s, the early 70s, the late 90s to now.

123 posted on 01/02/2015 5:09:30 AM PST by Partisan Gunslinger
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To: Partisan Gunslinger

I Cherry picked in reaction to the article’s cherry picking. I used the average price of $640. In 1980 I had Goldbugs trying to get me in at the peak near $800 and into silver at about $35. All investing is relative, sometimes gold is ahead of inflation, sometimes it’s not. To me gold is just another way to invest.


140 posted on 01/02/2015 4:14:08 PM PST by Woodman
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