BBrown

The 'Death of Gold' Revisited

Good reminder on what to expect if history has taught us anything at all. When I look at all of the causes that caused the rise in Gold's price to $850 in 1980, and compare what is causing the price to rise now, I do see some similarities, but the price of gold rising to be inflation adjusted from 1980 to now and a price of $2,350 to $2,800 plus the cost of our current causes for Gold's rise in price, war-dollar weakness-real estate devaluation-sub prime loan problems-Derivative problems-unemployment problems-national security problems-immigration problems-foreign trade problems and Oil problems, we're destined to go far beyond just inflation adjusted gold at the levels mentioned above. People live to close to their computers these days. A slight drop in the price of gold and they sell off. In the 70's we didn't have computers to buy and sell at the touch of our fingers. Things are different in a big way and this bull market in gold has a long way to go.