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[email protected] khughes@nospam.net is offline
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First recorded activity by BoatBanter: Jan 2008
Posts: 58
Default Time to buy that boat?

Larry wrote:
"Capt. JG" wrote in news6idnVL-
reasolutions:

It's not that much different than in 1980.

http://goldprice.org/30-year-gold-price-history.html

--
"j" ganz @@
www.sailnow.com



Huh? Gold was $680 in 1980 and we WEREN'T in a DEPRESSION. It hasn't been
$680/oz since Aug 2007, even at the crash.

But, I keep reading the alarming concerns of "hyperinflation depression" in
the financial news, even overseas. A $20 loaf of bread during a depression
with millions out of work....that IS a disaster!

I'm invested with Rhodium, here. It's up from my $740/oz starting price to
$1050 this week. It's history is stunning topping out at $10,100/oz just
before the crash.....(c;]


Uhmmm....Jan 21, 1980: $850.00/oz, Nov 13, 2008: $713.50/oz. Yes, both
were spikes, but that's the problem with generalizations. I remember
the 1st spike clearly - my birthday, and had just paid off wedding bands
purchased when gold was $500/oz cheaper!

http://www.usagold.com/reference/prices/history.html

Keith