Thread: Gold
View Single Post
Rich76_911s Rich76_911s is offline
Work in Progress
 
Rich76_911s's Avatar
 
Join Date: Jun 2004
Location: Ardmore, PA
Posts: 3,210
Garage
Quote:
Originally Posted by tabs View Post
NOPE...the price is at an all time high....wait for a pull back if you are so inclined to purchase.
This is only true on nominal terms, inflation adjusted gold is not very close to an all time high.

Which in itself is an interesting point. If it is such a great inflation hedge, why is it so low in value when you take inflation into account?
__________________
"The reason most people give up is because they look at how far they have to go, not how far they have come." -Bruce Anderson via FB
-Marine Blue '87 930
Old 09-17-2009, 09:01 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #19 (permalink)