price of gold thread, page-4

"thanks SP, but I'm not sure if you are serious. I mention the effects of USD numerous times.

What you appear to be ignoring is the presnt day reality."

My comments:

Then you did not correctly mention the effects of the USD. It is you imo, not me who is ignoring the present day reality. It is you imo who is not placing the present day reality in a historical context.

It is you who seems to think that US$1300 is a great price for gold when companies like Gold Fields indicate you need at least US$1000 to help get the gold mining industry back on its feet. That seems to indicate massive cost inflation over the years which you have chosen to ignore.

It is you who is ignoring real inflation over the last 30 years. If you reckon US$1300 is a great price for gold then how about selling your property for just 3 times a 1987 valuation? How about trying to live on an income that is only three times what you would have earned in 1987? Note I'm not using 1980 here. lol

It is you who is ignoring the historically unprecedented increase in US dollars.

I'm not going to keep posting on this. Believe what you want.