posted on Apr, 12 2010 @ 11:29 AM
Originally posted by whiteraven
Shhh...don't tell anybody that kind of stuff.
A dimes weight in silver will buy a gallon of gas and a gallon of gas used to be a dime.
What does that say?
Way back when I was in high school a quarter bought a gallon of gas ...and that same pre-1964 quarter buys a gallon of gas today.....go figure ?
Folks that failed to invest in the best performing asset across the past decade (+400%) love to focus on theoretical extremes , eg , "If you had
purchased Gold in 1980" etc...and/or statements like: "Inflation adjusted Gold is nowhere near it's former 1980 top"...but they
bother to speak of inflation adjusted stock values.....have you noticed ?
What about equities investors that bought the 1999 top ? Today at around 11000 the DJIA still hasn't recovered it's nominal 1999 high...inflation
adjusted the performance is far worse...in 1999 dollars the DJIA is trading around 8400.
Inflation is on the creep , and those reductions in food container sizes/portions = inflation in another form. That Gold is trading well below it's
1980 inflation adjusted high is simply another bullish fundamental...it tells us how far we have yet to run...abusive monetary policies guarantee it.
Who was it that said "central banks are dropping their gold reserves" ?
Central banks became net buyers last year...and the trend continues. If you chosse to fade the CB's...be my guest