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Skol

32,985 Posts.

1378

15/01/20

19:09

Post #: 42400309
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Originally posted by ourlady: ↑

It's of good value now and then in my view to sit back and look at the longer term big picture. This day to day up and down argument is all about trying to put people off this valuable subject/substance, GOLD.

On our chart from about 2002 to 2012 (about 10 years) one can see that gold went from about $250 an ounce to a peak of $1900,up almost 8 times or an 800% increase.

Ok, so now lets look at recent times where in 2016 gold hit a bottom of around $1200 an ounce. This clearly shows that on this next leg up an 8 times increase could well take gold in the next few years to $10,000 per ounce.

Now who.skolly etc., I'm not saying it will, it is not a prediction it is just a reasonable look at what is happening and where it could be heading.

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Since your gold chart starts from 1996, lets plot gold vs the DJIA including divs since then since it's such a great bet.

Gold up 280%

DJIA Total Return Index up 728%

A massive gold fail.

Last edited by Skol: 15/01/20
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0 Great analysis

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