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Originally Posted by ADL Colin
How do you figure? If you bought gold in 1980 at $850/ounce or so that gold would need to have increased to over $2000 today in order to have kept pace with inflation. Since it is priced at about $700 you would have lost about 1/3 of your money inflation-adjusted.
You can buy TIPS bonds to protect against inflation.
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Yeah of course if you bought in 1980 at the height you would have been killed.
however there is gonna be another run up like that of the late 70's and 1980 in gold.
There is simply too much debt from the war and USA is currently pressuring China to let their money climb against the US Dollar.
Also you are right gold should be woth about $2k an ounce.
This was my whole point of the thread. A lot of people are predicting those numbers.