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Replies to Msg. #689294
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 Msg. #  Subject Posted by    Board    Date   
39133 Re: $2,000 gold. When?
   decomp ...the price of gold varies, because it is measured in dollars... 		ribit   ROUND   24 Feb 2012
 7:40 PM
39105 Re: $2,000 gold. When?
   De, of interest from Jim Sinclair Dear Friends, Today legendar... 		lkorrow   ROUND   24 Feb 2012
 9:20 AM

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Re: $2,000 gold. When?

By: Decomposed in ROUND
Fri, 24 Feb 12 8:54 AM
Msg. 39104 of 45651
(This msg. is a reply to 39097 by lkorrow)
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Lkorrow,

re: "De, sounds like gold might be tracking inflation then..."

Perhaps. My first thought was that gold's price is a function of inflation. But it's not that simple. Gold is a function of other things as well - most notably, people's expection ... of FUTURE inflation; ... of future wealth confiscation by government(s); ... of future need to bribe officials; etc.

Besides that, investing in something that tracks inflation during a time of high inflation is pretty smart. In fact, it's what wealth preservation is all about.


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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months