Gold: The Sure Thing That's Falling Like a Stone
By Owain Bennallack |
January 27, 2011
MOTLEY FOOL
The price of an ounce of gold, around $250 in 2000, hit $1,400 in December. Appeals that this new high is well below the previous peak of $850 in 1980, provided you adjust for inflation, seem rather self-defeating, given how gold is supposed to protect us from spiraling prices -- it obviously did an appalling job of that in the two decades to 2000!
Thursday, January 27, 2011
GOLD, THE SURE BET AGAINST INFLATION?
Not so much really, and even the gold hawkers admit it.
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