price of gold thread, page-2

"If we see a gold peak without inflation of USD$1300, you'd have to be happy with that."

Of course we will not be satisfied with US$1300.

You appear to have ignored massive US dollar inflation - or should I say devaluation - caused by creating trillions of US dollars out of thin air, backed by nothing.

Let's look at say just US$400 to US$450 gold back in 1987. General prices are much more than 3 times that. Eg. look at salaries here. Look at property prices here. Look at untility bills here.

So of course I'm not happy with a paper bug suggestion of US$1300 gold. Paper bugs would love that. It would confirm they can created as much paper as they want over decades and not have that correctly reflected by a higher gold price - instead have a gold price which has devalued compared to the excessive amount of paper being created.