The price of gold since 1914 is shown below. The US dollar was on a gold-backed currency until 1933 and was fully taken off the gold standard in 1971. For this reason, the price of gold was relatively controlled in price until 1971. Afterwards and ever since, inflation has been increasing logarithmically. The best actual net incomes for people were made in the 1970’s. Today, people have a higher standard of living, but it is mainly attributable to debt. The price of gold is likely going to $2500/ounce minimally, but likely to spike up to $6000-8000/ounce. At that point, it will not be worth owning any gold stocks, instead the metal will be better. Countries at those prices will likely be nationalizing mines to grab the money. (Gold Eagle)

The price of gold since 1914 is shown below. The US dollar was on a gold-backed currency until 1933 and was fully taken off the gold standard in 1971. For this reason, the price of gold was relatively controlled in price until 1971. Afterwards and ever since, inflation has been increasing logarithmically. The best actual net incomes for people were made in the 1970’s. Today, people have a higher standard of living, but it is mainly attributable to debt. The price of gold is likely going to $2500/ounce minimally, but likely to spike up to $6000-8000/ounce. At that point, it will not be worth owning any gold stocks, instead the metal will be better. Countries at those prices will likely be nationalizing mines to grab the money. (Gold Eagle)

  • November 2
  • , 2012
  1. borcsok posted this