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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST
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To: TobagoJack who wrote (59627)1/2/2010 6:48:34 PM
From: KyrosL1 Recommendation  Read Replies (1) of 217734
 
TJ, the fifties, sixties, and early seventies are irrelevant to gold price. The gold price was fixed by central banks. Gold trading and exchanges were strictly regulated. It was not a free market and its fixed price was primarily used by central banks to exchange gold among each other. Americans were not even allowed to own and trade it as an investment until after the early seventies. So the true market price of gold was set around the mid seventies, after the US detached the dollar from gold. That's the date you should be using when trying to compare gold's performance versus other investments.
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