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<blockquote data-quote="Peregrini" data-source="post: 45296" data-attributes="member: 2670"><p>Hi HDRKID;</p><p>I'm afraid I can not get as excited about gold as you are. Current gold prices are out of line with market and dollar fluctuations. I'll use your analogy. The price of a cow in 1910 ( 100 years ago from 2010 the set price I will use for stable pricing) was $ 4.67 cwt. In 2010 the price was $ 134.69 cwt. Adjusting for inflation, $ 4.67 in 1910 is $ 107.89 in 2010 dollars. About a 25% difference. Gold was $ 18.92 in 1910 and $ 1224.53 in 2010. Adjusting again $ 18.92 is $437.10 in 2010 dollars. That's a 180% more. Now we need to remember gold price was set by the governments until 1968 when it was allowed to follow market demand and it's been every man for himself since. The problem I see with gold (other than an inflated price) is in the event of a global economic collapse, while gold will sky rocket, how long will the people who HAVE THE FOOD be willing to trade it for something with an exaggerated price which you CAN NOT EAT. Right now gold is a fear driven commodity and present prices are not in line with realistic future demand. It is priced far beyond an inflationary hedge. Keep in mind gold's true value is as a decoration. ALL THE GOLD EVER MINED IN THE WORLD, at $ 1600 an oz, totals only $ 8 trillion. That's about half the current US debt which is partially behind all the worry driving the price of gold and the economic worries.</p><p>If you really feel the economy is going to fail completely you might be better off stock piling freeze dried foods and bottled water. Or, buy a cow now, while you still can. You can get 3 for an ounce of gold at current prices. Either way, best of luck to you.</p><p><span style="color: #000000"><a href="http://www.nma.org/pdf/gold/his_gold_prices.pdf" target="_blank"><span style="color: #000000"><span style="font-size: 12px"><span style="color: #0000ff"><span style="font-size: 12px"><span style="color: #0000ff"><u>http://www.nma.org/pdpdff/gold/his_gold_prices</u>.</span></span></span></span></span></a></span></p><p></p><p><a href="http://mcduffee-associates.us/dissertation/cattle.pdf" target="_blank"><u><span style="font-size: 12px"><span style="color: #0000ff"><span style="font-size: 12px"><span style="color: #0000ff">http://mcduffee-associates.us/dissertation/cattle.pdf</span></span></span></span></u></a></p></blockquote><p></p>
[QUOTE="Peregrini, post: 45296, member: 2670"] Hi HDRKID; I'm afraid I can not get as excited about gold as you are. Current gold prices are out of line with market and dollar fluctuations. I'll use your analogy. The price of a cow in 1910 ( 100 years ago from 2010 the set price I will use for stable pricing) was $ 4.67 cwt. In 2010 the price was $ 134.69 cwt. Adjusting for inflation, $ 4.67 in 1910 is $ 107.89 in 2010 dollars. About a 25% difference. Gold was $ 18.92 in 1910 and $ 1224.53 in 2010. Adjusting again $ 18.92 is $437.10 in 2010 dollars. That's a 180% more. Now we need to remember gold price was set by the governments until 1968 when it was allowed to follow market demand and it's been every man for himself since. The problem I see with gold (other than an inflated price) is in the event of a global economic collapse, while gold will sky rocket, how long will the people who HAVE THE FOOD be willing to trade it for something with an exaggerated price which you CAN NOT EAT. Right now gold is a fear driven commodity and present prices are not in line with realistic future demand. It is priced far beyond an inflationary hedge. Keep in mind gold's true value is as a decoration. ALL THE GOLD EVER MINED IN THE WORLD, at $ 1600 an oz, totals only $ 8 trillion. That's about half the current US debt which is partially behind all the worry driving the price of gold and the economic worries. If you really feel the economy is going to fail completely you might be better off stock piling freeze dried foods and bottled water. Or, buy a cow now, while you still can. You can get 3 for an ounce of gold at current prices. Either way, best of luck to you. [COLOR=#000000][URL='http://www.nma.org/pdf/gold/his_gold_prices.pdf'][COLOR=#000000][SIZE=3][COLOR=#0000ff][SIZE=3][COLOR=#0000ff][U]http://www.nma.org/pdpdff/gold/his_gold_prices[/U].[/COLOR][/SIZE][/COLOR][/SIZE][/COLOR][/URL][/COLOR] [URL='http://mcduffee-associates.us/dissertation/cattle.pdf'][U][SIZE=3][COLOR=#0000ff][SIZE=3][COLOR=#0000ff]http://mcduffee-associates.us/dissertation/cattle.pdf[/COLOR][/SIZE][/COLOR][/SIZE][/U][/URL] [/QUOTE]
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