Comments on: Gold is nowhere near its old highs

By: Jenny1962

Jenny1962 — Wed, 06 Jan 2010 19:14:05 +0000

Great article. We’ve got a long way to go. Thank the Lord I’ve been stashing away bullion throughout the past few years. I really like the Pamp Gold bars and my favorite silver is the Buffalo Rounds that Scottsdale Silver sells. I live in the US, work int he US, and plan on retiring in the US. A little precious metal goes a long way to diversifying my life.

By: the Shah

the Shah — Fri, 04 Sep 2009 00:23:11 +0000

Gold is valued in American dollars, and essentially American dollars are valued against gold. So to wonder why gold is so much lower than the 80s, it just shows how strong the USD got in the last 25 years of bubble booms. For those that feel that gold ‘should’ linearly follow an inflationary rate of increase, that should tell you how much systemic weakness is left to be exposed in the USD. That being said, basing a theory based on extreme values is a weak case… gold maybe has legs for $1200 tops. It’s not to say that this crisis isn’t bad, it’s just not as dewatering (yet) of USD like the early 80s was. A $20 trillion national debt in 10 yrs might change that though, but not before. And 10yrs is a LONG time to change things so it never gets to that point. Just my opinion.

By: APMEX

APMEX — Thu, 03 Sep 2009 22:44:47 +0000

I like your way of thinking…..