Gold Bubble

Discussion in 'Gold' started by chimpanchu, Mar 16, 2012.

  1. chimpanchu

    chimpanchu New Member

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    [youtube]http://www.youtube.com/watch?v=xR79r9WmUQM[/youtube]

    http://www.youtube.com/watch?v=xR79r9WmUQM

    Isn't it incredible that some people still think US economy will recover and US dollar will be strong FOREVER!???
    Have they been getting their news stories from the bottom of beer mug?
     
  2. DanDee

    DanDee Active Member Silver Stacker

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    I haven't bought any gold either.
    As if you'd tell a reporter live on camera about your stack.
     
  3. projack

    projack Well-Known Member Silver Stacker

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    For gold vs. US dollars the year 1971 is a good starting point because that was the last year that the US dollar was still nominally backed by gold.

    What gold did compared to the US dollar during the last 40 years?

    Gold is up approximately 4,100% (41-fold) compared to the US dollar during the last 40 years. That is a compound annualised growth rate of 9.5%.

    What the US dollar did compared to gold during the last 40 years?

    The supply of US dollars grew 10%, and M2 grew at 7% per year.
     
  4. RhythmDoctor

    RhythmDoctor Active Member

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    The point within a circle...
    Totally agree with the above ^

    But then again... We shouldn't let those minor things like facts get. In the way of things like the world economy...
     
  5. No1joey

    No1joey Member Silver Stacker

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    "gold? Man I can't even afford to eat at red lobster"
     

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