David Harper, Editor, Numismatic News - Anyone would like to know the future especially about the price of precious metals. David Harper applies a formula to guess what the spot of gold will be in the year 2040 and how that compares to the price of some rare coins.
His prediction thinking makes little sense. You can look at a gold chart and see the price stayed under $500 an ounce until 2006ish. So up to 2006 when gold started taking off you made very little and probably lost money on a gold investment depending on when you bought it. I love how he talks about buying low in the early 70's EXCLUDES the next 30 YEARS of stagnation then just averages the last 10 years of super growth in price into his equation.
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