GOLD 0.51% $1,391.7 gold futures

Gold pattern pointing up, page-123

  1. 17,482 Posts.
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    Goldbear

    I was just saying the value of gold and really wasn't aiming at you in particular, calm down a tad there.

    I don't agree that commodities are the rule of inflation as they are subject to the commodities market and manipulation when one large country wants a certain price for something such as it is today with oil and IO.
    These prices have not dropped because of normal market considerations and in particular oil which is heading back up now from its low. IMO because the US shalers cant survive for much longer and so the POO will climb steadily.

    As for using the same products made from the same materials, it is the reason I chose a suit, the same materials are being used now as in the 80's.

    A good suit now in Australia is worth about $800 or so depending on what you term as good and a good pair of leather shoes is worth somewhere around $130 $300 or so and much more.

    Anyway a bit of a knee jerk reaction their mate.
 
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