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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (41700)9/30/1999 6:42:00 PM
From: Mike Roberts  Respond to of 116764
 
< (Bloomberg) -- If you think yesterday's
crude oil price of $25 a barrel was too high, consider this:
Adjusted for inflation, oil costs the same as in October 1973,
just before an Arab oil embargo set off the price shocks of
the 1970s.>

If this is used to price gold, wouldn't gold at 250-300 now be about 50 bucks an ounce, approxiametely the price when it was pegged to currency??


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