Quote:
Originally Posted by Rich76_911s
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?
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Back in the 80's Gold went over $800 an Oz. However if you look at a chart since then you will see that gold hit a low of $259 an OZ in the late 90's. Since then it has been rising slowly, until this economic crisis hit.
It its' recent TRADING RANGE Gold is at almost it peak of $1030 an oz