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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price $12,000

Posted on 15 October 2012

The historical average for the gold coverage ratio is roughly 40%, meaning that the current price of gold would have to more than double to reach the average.
It gets better: “The gold coverage ratio has risen above 100% twice during 20th century,” most recently at gold’s 1980 peak. “Were this to happen today, the value of an ounce of gold would exceed $12,000.”……………………………………….Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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