Gold's Real Value?...

Discussion in 'Economy' started by mal, Nov 25, 2009.

  1. mal
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    mal Diamond Member

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    ^I Found that... But I was Thinking before I Looked it up that I Remember Gold being $700 or so an oz. a few Decades ago...

    Inflation Factored in, Today's "Record Highs" aren't really...

    Are they?

    :)

    peace...
     
  2. Zander
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    Zander Platinum Member

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    Gold is in a bubble right now. It will burst like every other bubble.
     
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  3. uscitizen
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    uscitizen Senior Member

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    but not likely to go lower than the $635/oz I think it was I paid. At least in the rest of my life.

    Real value is totally subjective. It's value is whatever someone wants to pay for it.
    Just like the value of anything else.
     
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  4. mal
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    mal Diamond Member

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    No it's Not... It's Value when Compared to it's Peak in the 80's has to be Compared with Inflation that has Happened.

    Obviously Paying $700/oz in the 80's was MORE than $700/oz would be today.

    :)

    peace...
     
  5. uscitizen
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    uscitizen Senior Member

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    I bought it just a few years ago.
     
  6. mal
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    mal Diamond Member

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    It went from $800ish in 1980 down to Under $300 at the End of that Recession...

    Bubble's gonna Burst again... They always do.

    :)

    peace...
     
  7. uscitizen
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    uscitizen Senior Member

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    Yeah they always do, but I will likely be dead before then and have most of it spent :)
    I gave an eagle to the local foodbank last week.
     
  8. mal
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    mal Diamond Member

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    Dyin' Soon?...

    :)

    peace...
     
  9. uscitizen
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    uscitizen Senior Member

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    Got a few more years in me. Probably. But with the way the US economy looks for the next 10 years ro so I think My gold value is safe till after I die.
     
  10. mal
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    mal Diamond Member

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    When the Economy starts Growing and jobs start Returning next Spring/Summer, you will Lose Value in Gold...

    Gold's Value goes up in Recessions... It did this in the Carter/Reagan Recession, and then it Shit the Bed and Stayed on the Floor for YEARS...

    You see it Happening... Sell.

    I am Heavily Invested in Lead... ;)

    :)

    peace...
     
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