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

To: TobagoJack who wrote (59627)1/2/2010 6:48:34 PM
From: KyrosL1 Recommendation  Read Replies (1) | Respond to of 217705
 
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.



To: TobagoJack who wrote (59627)1/3/2010 12:49:31 AM
From: Webster Groves3 Recommendations  Read Replies (1) | Respond to of 217705
 
<if bought gold in 1950, at 35, compared to dj at 206>

The comparison would be more stark if you compared gold in 1950 and now versus the same DJ constituents of 1950 and now.
The DJ index is an artificial construct where losers are continually replaced with winners. It means nothing.

wg


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