JudeJin

Greg McCoach: Will Gold Be at $2,000/oz by Year End?

how about gold to montly salary ratio?
in 1980, $800/ounce is around 1 month salary, isn't it?

american monthly salary still can buy 3 ounces of gold right now.

but as real jobs have been sucked dry by china and india in the past 28 years, amerians must be making less than one ounce of gold now, which means gold must be worth much more than one month salary.

i use this as the best indicator of how cheap gold has become!

more than 2 billion chinese and indians are competing to earn the limited amount of money/wealth. in terms of gold, everyone in this world on average must be making much less!

by comparison, in the 70s, 100 million japanese took jobs away from western people.

the numbers are just scary.