Thread: Christ, gold is about to hit $1900
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Old 08-22-2011, 05:51 PM  
Deputy Chief Command
Deputy Chief Command
 
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Join Date: Nov 2005
Posts: 4,482
Quote:
Originally Posted by woj View Post

those that bought in the '80 for ~$800 had their holding wiped out to ~$300...
makes the stock market crash or real estate crash look like a walk in the park...


is there something I am missing here ?


those that bought for $800 an ounce are now sitting on a whole lot of money


just fyi , seems you dont know, so let me tell inform you , gold is $1900 an ounce right now .. so after some complicated calculations I come to the conclusion that if you bought at $800 in the eighties and you would sell it right now at $1900 you will make a nice profit .. I could be wrong though !
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