Quote:
Originally Posted by Tdog
Your comapring 1980 dollars to todays dollars. There is no comparison. Gold today is so underfalued.
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It's either undervalued today OR it was overvalued in 1980.
That's like saying the NASDAQ used to be at 5000, and today it's only at 2041, so it must be so undervalued.
Yet we all know that at 5000 the NASDAQ was ridiculously overvalued, so you can't really compare today's prices to the all time high and use that as the basis for a decision to invest.
I also think it's VERY FAIR to compare an investment vehicle in historical terms. If you had invested in real estate or the stock market in 1980 you would have tripled or quadrupled your investment easily in the past 26 years.
If you bought gold in 1980 you would have lost 2/3 of your purchasing power by now.