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The REAL Price of GOLD: Is the coming Economic Crisis going to be worse than anyone dreams?

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posted on Jan, 31 2008 @ 10:30 AM
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The REAL Price of GOLD, or, The REAL Value of the DOLLAR


www.kitco.com

Now that gold has climbed above the $850 high reached back in January 1980, many are proclaiming that gold is at a new ‘record’. That’s true of course when gold’s exchange rate to the dollar is viewed in terms of nominal dollars, but nominal dollars provide a distorted picture.

After all, everyone knows that because of inflation a dollar today purchases much less than it did twenty-eight years ago, so clearly, $850 today does not have the purchasing power it did back then. The question therefore arises, what price does gold have to reach in inflation adjusted dollars to equal the purchasing power of eight hundred fifty 1980-dollars?
(visit the link for the full news article)



[edit on 31-1-2008 by ItsHumanNature]

[edit on 31-1-2008 by ItsHumanNature]




posted on Jan, 31 2008 @ 10:30 AM
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The forboding dark clouds of a perfect storm of economic doom is clearly visible on the horizon to most within the financial world and many are wondering if it is actually much worse than what is visible. Is the price of Gold being kept artificially low to prop up faith in the Dollar? And if so why? What motive would those who create and control our debt based money have to do this? Do you think we are headed for a cataclysmic Enonomic Meltdown? If the value of Gold is being kept artificially low, as many in the precious metals investment community believe, what will happen when the bubble bursts ?

www.kitco.com
(visit the link for the full news article)

[edit on 31-1-2008 by ItsHumanNature]



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