jt

Why Mining & Metal Investments Could Shine in the Coming Years

Actually dude...er, dieu...$2300 is lowballing it. That's the figure one comes up with using the totally bogus figures coming out of the BLS for the CPI (that's the Bureau of Lying Statistics on the Completely Phony [Price] Index)...that CPI was changed during the Clinton administration to try to save mucho bucks on entitlement COLAs. Using the CPI formula from say the Carter administration and prior, the equivalent peak gold price (compare to the $850 in '80) would be over $5000. And that's not even touching the unbelievable paper/electronic expansion of the dollar supply since then, nor the now greater than $1 Quadrillion (as of Dec, 2007) in dollar derivative debt. Now...take all that and put it in your pipe and smoke it, and you've got an equivalent gold price of well into 5 figures. jt