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Thursday, November 12, 2009

Potential Gold Price

In 1980, gold peaked at about $675 dollars per ounce. Using 1980 dollars adjusted for 2009 inflation equals a potential selling price of $1,769.00. As of this writing, we have an estimated 37.3% to go to reach that figure. Caution, the peak only lasted about a year and then receded by 40%. In my mind the play is not gold, but is likely in other currencies (Franc, AUS).

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