Quote:
It will always have value but for much of the 1990s it was trading at less than $400/oz U.S.
Now it is over $1200/oz U.S. so I would not be so bold as to claim gold's value never changes.
It will always have value but for much of the 1990s it was trading at less than $400/oz U.S.
Now it is over $1200/oz U.S. so I would not be so bold as to claim gold's value never changes.
Quote:
You are measuring gold's value in dollars. The 90's was a long time ago. It just shows how much inflation factors in today.
You are measuring gold's value in dollars. The 90's was a long time ago. It just shows how much inflation factors in today.
Here in Canada the inflation factor from 1990 to 2017 was 1.6, not 3. (1200/oz div. 400/oz = 3). So even with inflation factored in, an ounce of gold today is more valuable than an ounce was in 1990.
I am not arguing that buying/owning/dealing in gold is advisable/good/profitable. Many times it is not. All I am saying is that it is folly to say that gold's value is constant.
Edited by punman
12/11/2017 11:26 am
12/11/2017 11:26 am



















