Tuesday, November 24, 2009

First-ever Underbelly Gold Price Commentary

I see that the price of gold hit $1,177.12 this evening. That's getting on towards 40 percent of the price at the end of the previous gold boom in April 1980.

Except that it isn't. Adjust for inflation and the 1980 price of $850 translates into a today price of $2268. So we've got a ways to go.

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