Can Gold Go Lower?

[jeff of pa]

Can Gold Go Lower? Absolutely says George Gero - Kitco

 

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[vpnavy]

Well, according to the InterNet (and we know anything and everything on the Internet is true) during the 1880-1914 period the U.S. official gold price was $20.67 per ounce.

 

[jeff of pa]

Well, according to the InterNet (and we know anything and everything on the Internet is true) during the 1880-1914 period the U.S. official gold price was $20.67 per ounce.

& in 1914 a loaf of bread from a bakery was roughly 5 cents.

and the average weekly earnings were $10.92

so $20.67 per ounce was good, being worth almost 2 weeks wages

 

[CoinFetcher]

& in 1914 a loaf of bread from a bakery was roughly 5 cents.

and the average weekly earnings were $10.92

so $20.67 per ounce was good, being worth almost 2 weeks wages

Basically, my 2 week paycheck can buy me 1 OZ today....

 

[Marchas45]

Anything is possible with all the Paper Selling and now all the big Banksters can get out off their Shorts and go Long and I predict it will head up back up pretty shortly, if not I'll still be buying because IT WILL GO UP. Keep Stacking.