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Do you think the price of gold will ever reach down to 1100-1300 USD?
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<p>[QUOTE="medoraman, post: 8266337, member: 26302"]But what was the price of a house then in your city? Would you regret buying a house instead of gold at the time?</p><p><br /></p><p>Humans are weird, (myself included). We judge number changes in isolation, not fully comprehending what everything else then cost versus today. My PM holdings back then were not enough to worry about, but if they were I can almost guarantee you I wish I bought a nice rental house versus gold then when considering both rental income over the years in addition to price appreciation. I could have bought duplexes in Des Moines for $60k when gold was $300. I wish I had the last 25 years of rental income on top of the price appreciation up to $230k today. Same with farmland that was $500 an acre then and today $6k an acre, plus 25 years of rents.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 8266337, member: 26302"]But what was the price of a house then in your city? Would you regret buying a house instead of gold at the time? Humans are weird, (myself included). We judge number changes in isolation, not fully comprehending what everything else then cost versus today. My PM holdings back then were not enough to worry about, but if they were I can almost guarantee you I wish I bought a nice rental house versus gold then when considering both rental income over the years in addition to price appreciation. I could have bought duplexes in Des Moines for $60k when gold was $300. I wish I had the last 25 years of rental income on top of the price appreciation up to $230k today. Same with farmland that was $500 an acre then and today $6k an acre, plus 25 years of rents.[/QUOTE]
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Do you think the price of gold will ever reach down to 1100-1300 USD?
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