GOLD 0.51% $1,391.7 gold futures

gold $2000 /oz in 2009, page-40

  1. 24,765 Posts.
    What is so special about US$2000?

    That's only 5 times what gold was in 1993.

    Now look at the many hundreds of per cent that nickel, copper, oil, uranium, etc. etc. have risen since then. So why can't gold rise a piddly 400% in nearly 20 years?

    Note: I am ignoring the 1980 US$880 spike, which in today's dollar terms, properly adjusted for inflation is over US$5000 and much more than that if adjusted for the increase in paper US dollars in circulation that are created out of nothing and effectively backed by nothing.
 
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