Gold bugs see a return of that magical $1000 mark. Lust for the yellow metal is at an all time high. Folks, we have gold fever as prices go up. However, the future price of a gold is up, but for sad reason. It seems that the dollar is dropping. For example, if I buy an ounce of gold today at $1000, with that ounce I can go back in time to 1929 and get approx $20. That means prices are now approx 50X higher. In 1929 it would cost me twenty bucks to rent a room for a month, that sames exact room in 2009 cost me a thousand dollars, so rather than gold going up, we have the dollar going going gone...
No comments:
Post a Comment