What Price Gold
Submitted by jimt on Mon, 03/17/2008 - 07:52Over the last 7 months at DP many excellent post on the topic of gold and silver. However I just want to suggest that when thinking $3,000 or whatever thousand dollars the price for an ounce of gold becomes to much ask yourself what that ounce of gold will buy.
We have to remember that gold is an international money and that the world is invovled in determining how much is to much for the price of gold. Do not think in terms of what you are comfortable paying for an ounce of gold here in the states.
Many people will start looking at historic ratios between gold and other commodities for some guidance however all commodities in the 21st century are finding relative new price structures as the international community is now 7 billion plus people and not 1 billion as it was at the turn of the 20th century. It is a new world.
Good luck and protect yourself.
Gold Value
If our debt was backed by gold it would be 47K/oz. No kidding.
Deb
Ah, the American dream about to come true
We will all be millionaires. And gas will cost a million dollars a gallon. Or will that be a liter. Or how do the Chinese measure things?
Truth exists, and it deserves to be cherished.
"Good luck and protect yourself"
Back atcha. Sad that those kind words sound vaguely like the Captain speaking from the deck of the Titanic...
Shall we rearrange deck chairs for a while?
Truth exists, and it deserves to be cherished.