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$1,391.7 gold futures

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Skol

32,985 Posts.

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22/12/19

14:52

Post #: 42091912
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Originally posted by Max5: ↑

While I'm no disciple of this bloke or any other crystal ball gazer I suppose if the punters were influenced by someone like him and they did rush out and buy gold bars as you seem to think 'they' all do their 10 oz bar 'stacking' exercise would have set them back around USD8335 at the time. Now they dig it up from their backyard to find it's only worth USD14780-increase of about 77%.

If they happened to be domiciled in the land of sweeping plains, ragged mountain ranges, droughts and flooding rains and were so influenced and also rushed out holding a fairly commonly held belief (right or wrong) of the inverse relationship between the USD and the gold price and bought their 10 oz bar to bury parting with their AUD9519 at the time to find its current exhumation to be valued at only about $21400-increase of about 125%.

How disappointed might they be taking into account the significant destruction in the purchasing power of their 2008 dollars since then ?

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If, at the same you'd put $8835 into a plain vanilla DJIA index fund, you'd now have (excluding fees)
a total of US$47,353.

Last edited by Skol: 22/12/19
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