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<p>[QUOTE="-jeffB, post: 2962086, member: 27832"][ATTACH=full]725174[/ATTACH] </p><p><a href="http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart" rel="nofollow">Gold Prices - 100 Year Historical Chart</a></p><p><br /></p><p>If you (could have) bought in the 1930s, you would've waited until the 1970s to break even with the cost of living.</p><p><br /></p><p>If you bought between 1979 and 1989, you would've waited until 2007 to break even with the cost of living.</p><p><br /></p><p>If you bought near the peak in 1980, <i>you're still waiting</i>.</p><p><br /></p><p>You <i>cannot</i> look at a chart like this and determine what the next 10, 50, or 100 years will look like. But I'm not one bit convinced that a climb is more likely than a drop. I stand to make <i>some</i> profit if higher prices come, but I'm staking very little on that outcome.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2962086, member: 27832"][ATTACH=full]725174[/ATTACH] [URL='http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart']Gold Prices - 100 Year Historical Chart[/URL] If you (could have) bought in the 1930s, you would've waited until the 1970s to break even with the cost of living. If you bought between 1979 and 1989, you would've waited until 2007 to break even with the cost of living. If you bought near the peak in 1980, [I]you're still waiting[/I]. You [I]cannot[/I] look at a chart like this and determine what the next 10, 50, or 100 years will look like. But I'm not one bit convinced that a climb is more likely than a drop. I stand to make [I]some[/I] profit if higher prices come, but I'm staking very little on that outcome.[/QUOTE]
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