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 Replies: 14 / Views: 2,046 |
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Valued Member
United States
111 Posts |
I found this chart drew in the red line this is where gold should be.  Edited by John1397
09/03/2016 09:20 am
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Pillar of the Community
Canada
2019 Posts |
So the chart indicates that gold will never fall below 900 (on average) and the base average price will keep rising year by year. There is a past history of a 20 year cycle of up then down and we are at the mid point of the 20 year cycle so for the next 10 years gold will fall . So sell?  |
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Pillar of the Community
United States
4333 Posts |
Buy!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
United States
10982 Posts |
Quote:
I found this chart drew in the red line this is where gold should be. Where "should" oil be on a similar type chart? $60? How about the DJIA starting in 1913 going to 2016? 10,000? There's way too many factors involved to use such a chart unless you're just playing around for fun and games. |
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Moderator
 United States
54282 Posts |
Unfortunately, historical charts do not take into account the current reckless fiscal policies that are now in place.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
Canada
2019 Posts |
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Unfortunately, historical charts do not take into account the current reckless fiscal policies that are now in place. Thats true but there it is with all is curvy lines and dates, thats about all we have to go by at the moment if you believe in charts that is. Fiscal polices have been a mess always , nothing really new there. |
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Valued Member
 United States
111 Posts |
This is what gold will do in the future  |
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Bedrock of the Community
United States
10982 Posts |
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This is what gold will do in the future Nostradamus?  |
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Pillar of the Community
Canada
2019 Posts |
Thats a reasonable estimate , a steady increase with a long up and down side. I would bet on something like this then those crazy estimates of $5000 plus gold lol. |
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Pillar of the Community
Canada
3692 Posts |
I wish gold was cheaper. It would restore a lot of confidence back to the industry. Today, this industry is dead, so it leads me to believe wall street is superficially inflating the price and it will someday crash when it fits their narrative. Something's funky because only the super rich and people getting married are buying gold anymore.
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Pillar of the Community
Canada
2019 Posts |
This is the only chart we need to worry about anyways...  "The 65-year beer vs gold price chart! Quote:
"Many comparisons from everyday life show that gold is currently not valued at an excessively high level. While a "Mass" beer (one liter) at the Munich Oktoberfest in 1950 still cost a converted EUR 0.82, the price in 2014 stood between EUR 9.70 - EUR 10.10 (average EUR 9,90).
"Thus, the annual price inflation of beer amounts to 4.2% per year since 1950.37 If one measures the beer price in gold terms, then one received 97 liters of beer per ounce of gold in 2014.
"Historically the median is at 87 "Mass", the "beer purchasing power" of gold is therefore currently quite high. The peak occurred in 1980, at 227 liters per ounce of gold.
"We believe it is easily possible that this level will be reached again. Beer aficionados should therefore so to speak expect a rise in beer liquidity."  http://www.mining.com/this-65-year-...ne-you-need/Edited by Northerncoins
09/05/2016 1:43 pm
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Pillar of the Community
United States
574 Posts |
Major problem with that chart, it's not adjusted for inflation. I would caution comparing the price of gold/silver during '79-80 to the current run. There are things a chart will not tell you. When gold peaked in 1980, inflation was high, interest rates were high. Today inflation is low and interest rates are near zero. Completely different scenarios. Edited by beem
09/08/2016 07:01 am
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Pillar of the Community
United States
574 Posts |
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I would bet on something like this then those crazy estimates of $5000 plus gold lol. Don't think of it so much as a prediction of the value of gold, but more so the value of the dollar. I'm sure $1350 oz gold sounded crazy 15 years ago. Edited by beem
09/08/2016 07:08 am
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Pillar of the Community
Canada
2019 Posts |
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Don't think of it so much as a prediction of the value of gold, but more so the value of the dollar. I'm sure $1350 oz gold sounded crazy 15 years ago. Some day ya gold will be $5000 oz, but I was referring to those so called gurus saying for the past 3 years or so gold was going to hit $5000 and higher which has not happened. Some day Copper could be $5000 an oz too if you wait long enough, maybe a few life times lol. |
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Pillar of the Community
United States
3343 Posts |
It is relevant to note that the value of beer relative to gold was increasing steadily until the Bretton Woods treaty was abrogated.
This is the well-documented Bud Lite monetary effect. Bad money, no longer supported by gold, results in worse beer.
By 1990 IPA's are in the ascendancy, and once again gold is on the run.
What happens afterwards is anyone's guess.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
09/08/2016 8:55 pm
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Replies: 14 / Views: 2,046 |
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Posted 09/03/2016 11:22 am
