All Press Releases for December 16, 2005
Buying Gold for $252 per ounce! Impossible? No!
Buying gold at $252 per ounce, the recent low is still possible, if we do some careful analysis. In fact the ability to purchase gold at $252 is probably the most truthful statement you will read about the recent 24 year high in the gold market.
/24-7PressRelease/ - December 16, 2005 - Since almost everyone is jumping up and down at gold's recent "24" year high, we took a look to see where we really are when looking back nearly a quarter century.
The Fed Inflation calculator is rather simple to use, we merely plugged in the recent high in gold using the U.S. "dollar" at $540 for this year 2005, and then asked what that was in 1981 terms? Guess what? Five hundred and forty dollar gold was two hundred and fifty two dollars in 1981. See calculation below...
Silver-Investor.com is the precious metals site for serious investors. Mr. Morgan has spoken on the precious metals and the world economy in North America, South America, and Europe. His views on the precious metals have proven to be highly accurate.
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