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

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posted on Nov, 3 2009 @ 05:49 PM
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]

posted on Nov, 3 2009 @ 07:33 PM
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...

posted on Nov, 3 2009 @ 08:02 PM
The rise in gold in inverse to the loss of value of the dollar.

43% gain in gold is a 57% loss of value of the dollar.

We're in big, big trouble.

So if you sold something to someone for $1,000 dollars a while back, and you're getting paid monthly, you're now only getting 43 cents for every dollar paid back.

posted on Nov, 3 2009 @ 08:06 PM
Probably wouldn't be that way, if it weren't for this guy:

posted on Nov, 3 2009 @ 08:21 PM
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'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.

posted on Nov, 3 2009 @ 08:21 PM
[edit on 3-11-2009 by cloudbreak]

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