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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Gold bull still unfolding - $2,000/oz. by Year’s End?

Posted on 09 March 2009

From Mineweb.com: What investors need to understand about the bull market in gold thus far is that the numbers that we’re dealing with, $960 an ounce gold right now, is nowhere near the 1980 high in gold of $875 an ounce.

You have to inflation-adjust those 1980 numbers for 28 years of true inflation. If you did that, the $875 high in gold would have to be $6,500 an ounce in inflation-adjusted terms. For silver, it’d be $400 dollars an ounce. …. Full Article: Source


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VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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