Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: zinc-man who wrote (3895)	1/5/2003 4:43:16 PM
From: E. Charters	Read Replies (1) of 8273

That would be in 2018 dollars. (future price of gold year 2018) If you take the price of gold now at 350 dollars and the inflation rate at 3%. Then gold's real price in 1980 dollars is 351/1.806 = 193 dollars. But, 'choke, Gasp` -- inflation was not 1.806 times in 20 years but 2.44 times decrease since 1980, a whopping 4.56% inflation rate! (1.0456^20=2.44. So gold's true price in 1980 dollars is 351/2.44 = 143 dollars. If interest is 1.03 for 20 years, then the the price of gold IN 2018 will be between 387 and 664 dollars in the year 2000 terms. EC<:-}

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