cbirch2
Active Member
- Jul 9, 2011
- 1,394
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Which, gold or silver?...Gold and silver are relatively stable...
In 1979 an oz of gold could be bought for twenty eight oz. of silver, and in 1989 it cost 89 oz. That's 10% annual inflation for 12 years while the dollar's inflation averaged only 5%. Right now an oz of gold buys only 36 oz of silver so for the past twenty years gold's inflation's averaged 5% compared to 2% for the dollar.
Gold and silver really look neat, but dollars are stable.
The historical average is about 35:1 Short term trends derive from artificial bubbles and manipulation.
If you'd have used my entire quote, I gave an example of PM stability.
If you dont correct for inflation you could make any commodity look like a great investment over time....
Think oil is expensive? Lets correct for inflation.
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