Gold + 43% since 11/20/2008 (Updated : 54%), page 1

This links to a good tool allowing you to chart the evolution of Gold from date to date.

(In French, but ... efficient !)

I tried from 11/20/2008 to 11/03/2009 (less than a year)

(In European date format : from 20/11/2008 to 03/11/2009)

That gives : from 740 to 1060 that is a + 43%

See the chart :



See the figure ?

Updated 11/04/09 : 54%

[edit on 4/11/2009 by orkson]

reply to post by orkson

---

I have always thought that...
.
When the value of the dollar drops,... the value of gold most go up.

just me thinkin though...

Probably wouldn't be that way, if it weren't for this guy:

www.lewrockwell.com...

reply to post by dooper

---

43% gain isn't bad, though I question a 57% depreciation in the dollar since gold was at 740, as gold only dipped back into the mid-700s only last year.

Mind you, the dollar has lost something like 97% of its value/purchasing power since its inception. Like every one of the thousands of fiat currencies before it, the dollar is doomed to fail. It's almost a natural law - every single fiat currency eventually fails, judging by history, and the dollar seems to be on its last legs.

I am surprised more people don't understand the role and value of gold - it had a nice pop today/last night - signs of things to come I reckon.

So much for philsgang.com's 'rally you are not supposed to know about' in the dollar, along with the massive deleveraging and decline in the price of precious metals.

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