Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (51174)	6/10/2009 11:58:55 PM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 218881

If measured in oil, it has also been against that, but more so, from $20 a barrel through the 1990s x 3.5 to $70 a barrel [having been to $140 a barrel]: globalization101.org <the recession, in fact depression, of gdp, spending, share indices, etc continues to be against gold > Gold and oil have done about the same, though oil had a huge peak. So gold doesn't look like anything amazing. Just another commodity, in or out of favour. The price of gold is mainly an expression of the slogan "Bring back the gold standard" by swarms of frightened [and also speculating] people. There is not enough gold in the world to run a gold standard without creating an absurd gold culture like King Midas with his obsession. $10,000 an ounce [in 2004 dollars] would be needed as predicted by Mqurice in Booms Busts and Recoveries aka The Great Financial Collapse of 2001 which didn't happen. In 2009 dollars we'd need nearer $15,000 an ounce [to really get your juices going]. The way Big Ben and Obama are going, $20,000 an ounce isn't out of the question. Mqurice