<< <i>It seemed the more Ben talked today, the higher silver and gold went. I don't think that he followed the script.
Pretty neat seeing that ATH "orange box" around the gold price on CNBC the entire time Ben was talking. You'd think the CNBC honchos could have figured out a way to "defuse" the orange highlights during the news conference.
roadrunner >>
Ben talked again today and looked what happened!
Bernanke should get a talk show of his own.
Gold would hit $5000 within the week!!
What an absolute knucklehead.
He should go back to waiting on tables at 'South of the Border'.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record.
<< <i>Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
The government has repeatedly changed the way it calculates inflation since 1980. If you adjust gold's price using the more accurate inflation figures from Shadowstats, gold's price would have to hit over $5,400. link.
"Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132.
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50. >>
I'm afraid that is not remotely accurate.
In 1980, unleaded gas was $1.25 a gallon (Source). Adjusted for inflation (applying the same rate used above for silver and gold) works out to about $3.42 a gallon.
Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
um.. good point! >>
hold on, let me look at a calendar... Nope, this isn't 1980.
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
Yes, but this time we didn't have one family driving up metals, only to get cut off at the knees by a rules change. This time there are a lot of people buying and holding.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50. >>
I'm afraid that is not remotely accurate.
In 1980, unleaded gas was $1.25 a gallon (Source). Adjusted for inflation (applying the same rate used above for silver and gold) works out to about $3.42 a gallon. >>
I was totally thinking the same thing. Nice catch there.
Copper, plat, and pall are not participating and went down. Note also that all the grains and oil headed down tonight as well. Gold bettered last week's high and then some...silver is still short of last Tuesday's high.
Most interesting flight to safety as the dollar, USTBonds, and S&P all headed down. Guess it was a flight to safety into gold, silver, and swiss franc. Seems like there are some games being played here as gold and silver options get ready to expire on Tuesday plus starting a TBond auction week (Tu-Thurs).
A 1% rise in each will be sufficient if it holds through the night.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Sure looks like that tin-foil hat of a man Jim Sinclair has reached his $1650 a couple months late but having predicted that in maybe 2002 to 2004 time frame is impressive.
Another rousing endorsement for the "spend more now and think about spending cuts later" plan approved by Congress yesterday and signed by the Dear Leader today.
Yeah, man...gold is loving this budget deal. You know, there's financial Armageddon and then there's financial Armageddon, just depends which side of the board you play from.
Fantastic show, oil down and s & p down but Gold and Silver up. Very nice to continue to see the divergence. They are comming into their own phase without the over expectation of tracking other equities or commodities.
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
Another rousing endorsement for the "spend more now and think about spending cuts later" plan approved by Congress yesterday and signed by the Dear Leader today. >>
Every time those idiots get on the tv the pm's fly and stocks drop. But don't worry trust us the economy has turned around and it's getting better! Clueless.
PEACE! This is the first day of the rest of your life.
It's been easy to feel giddy and confident about gold over the past ten years, but I'm starting to sense that the term parabolic is beginning to set in.
<< <i>It's been easy to feel giddy and confident about gold over the past ten years, but I'm starting to sense that the term parabolic is beginning to set in. >>
Wish I had about $20,000 in "dry powder" to put into the game right about now!
Comments
<< <i>It seemed the more Ben talked today, the higher silver and gold went. I don't think that he followed the script.
Pretty neat seeing that ATH "orange box" around the gold price on CNBC the entire time Ben was talking. You'd think the CNBC honchos could have figured out
a way to "defuse" the orange highlights during the news conference.
roadrunner >>
Ben talked again today and looked what happened!
Bernanke should get a talk show of his own.
Gold would hit $5000 within the week!!
What an absolute knucklehead.
He should go back to waiting on tables at 'South of the Border'.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
The government has repeatedly changed the way it calculates inflation since 1980. If you adjust gold's price using the more accurate inflation figures from Shadowstats, gold's price would have to hit over $5,400. link.
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132.
<< <i>
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50.
<< <i>
<< <i>
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50.
I'm afraid that is not remotely accurate.
In 1980, unleaded gas was $1.25 a gallon (Source). Adjusted for inflation (applying the same rate used above for silver and gold) works out to about $3.42 a gallon.
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
um.. good point!
Liberty: Parent of Science & Industry
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
um.. good point! >>
hold on, let me look at a calendar... Nope, this isn't 1980.
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
good point! And what then happened to the price of gold after that celebrated 1980 peak? how did the "investment" perform for the next 20 years? hold on, let me have a look at a chart...
um.. good point! >>
5 days after gold hit 825, it hit 625.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>
<< <i>Gold is still far from its true peak, when adjusted for inflation. Gold hit its real record on Jan. 21, 1980, when it rose to $825.50 an ounce. Adjusted for inflation from 1980 dollars to 2011, that translates to an all-time record of $2,261.33 an ounce. We still have a ways to go for it to hit it's all time inflation adjusted record. >>
Yep. And that inflation adjusted number for silver is $132. >>
Yeah & don't forget, for a gallon of gas...about $15.00 - $17.50.
I'm afraid that is not remotely accurate.
In 1980, unleaded gas was $1.25 a gallon (Source). Adjusted for inflation (applying the same rate used above for silver and gold) works out to about $3.42 a gallon. >>
I was totally thinking the same thing. Nice catch there.
<< <i>Now over 1615! >>
I used to thank only Ben Bernanke when gold jumped.
Now I have the US Congress to thank!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>and at a higher percentage increase than silver
Yeah, it's more a flight to safety or maybe a short squeeze than a liquidity rush.
roadrunner
I knew it would happen.
Gold bettered last week's high and then some...silver is still short of last Tuesday's high.
Most interesting flight to safety as the dollar, USTBonds, and S&P all headed down. Guess it was a flight to safety into gold, silver, and swiss franc.
Seems like there are some games being played here as gold and silver options get ready to expire on Tuesday plus starting a TBond auction week (Tu-Thurs).
roadrunner
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>1623 >>
That was a good year. I remember it well!
<< <i>
<< <i>1623 >>
That was a good year. I remember it well!
Wait til we get to 1999!
Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
Very different than the Fall and Winter of 2008 where stocks and PM's both fell together.
Another rousing endorsement for the "spend more now and think about spending cuts later" plan approved by Congress yesterday and signed by the Dear Leader today.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
I knew it would happen.
They are comming into their own phase without the over expectation of tracking other equities or commodities.
Worry is the interest you pay on a debt you may not owe.
I knew it would happen.
<< <i>Gold surging and the Dow tanking.
Another rousing endorsement for the "spend more now and think about spending cuts later" plan approved by Congress yesterday and signed by the Dear Leader today. >>
Every time those idiots get on the tv the pm's fly and stocks drop. But don't worry trust us the economy has turned around and it's getting better! Clueless.
Fred, Las Vegas, NV
roadrunner
beginning to set in.
<< <i>It's been easy to feel giddy and confident about gold over the past ten years, but I'm starting to sense that the term parabolic is
beginning to set in. >>
Wish I had about $20,000 in "dry powder" to put into the game right about now!