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"So if gold was worth US$ 920 per oz, in 1980 the then US$ 920...

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stelios

925 Posts.

152

04/06/21

21:31

Post #: 53661201
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Originally posted by stelios: ↑

"And gold, corrected for inflation, is on the way down."
You have referred to the deflated value of gold on several occasions in reference to real estate etc. or is it CPI whatever.
Which is BS.
We have to compare gold to the US$.So if gold was worth US$ 920 per oz, in 1980 the then US$ 920 is now still worth only US$920 compared to the current gold price.

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"So if gold was worth US$ 920 per oz, in 1980 the then US$ 920 is now still worth only US$920 compared to the current gold price."
Where did you get US$ 920 from?
$312.70 in July 1982
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