Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2395)	4/12/2002 11:03:24 PM
From: nickel61	Read Replies (1) of 3558

You can't guess at the value of a horse and buggy and then make a huge leap from there that gold has deflated. Sorry that doesn't wash.. Try this one a 1964 mustang new in 1964 sold for about $2400. Which was a fair amount of money back then...in 2002 could you buy one for the same 68.57 ounces of gold(gold was $35/ounce in 1964 and at $2400 it took 67.54 ounces to buy the car) well lets see 67.54X $301=$20,324 what do you think? Not the most scientific comparisons but interesting none the less. We are after all talking about a very complex subject once we all get to the same page..It is the relative ability of governments to force a fiat currency value over time. Not an easy thing to do and one that frankly has been pulled off better than I think many of us would have expected they could...

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