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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (12658)	6/4/2006 9:28:26 PM
From: E. Charters	Read Replies (1) \| Respond to of 78417

everrybuddy was saying to me gold to 1000 etc and I thot, what hooey. But now looking back on 1980 gold, I am not so sure they were hooey-screwey. By rights gold today is about 255 in 1980 dollars. It should appreciate about 150 1980 dollars to get to a real price. That is 381 in today's dollars. This means gold should be 1031 dollars today to maintain a historic average. On the other hand, if we go back to 1914, assuming the CPI is accurate, then gold should have been 34 dollars then by today's price and inflation. So gold is really at a premium now, way over the $373 when inflated forward from its true price in that day. Can we use prices prior to free trading of 1972 in this way? Maybe 1000 gold is real thing. Maybe that is where gold should be. comments, perceptions, diatribe, disdain, rejection, comparison blah blah? Perhaps the average for all time historic price of gold at 450 in 1997 dollars means that gold should only be 531 in todays dollars to account for inflation. cripplecreekhistory.com EC<:-}