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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="CoinSaver, post: 291708, member: 9979"]I like how people always pick certain time frames to prove their point. Let's take a look at another time period. Gold was selling for $20.00 an ounce in 1929. The stock market topped out at $381.00. Today gold sells for $800.00 an ounce or 40 times. The stock market should be at 40 times 381 or 15,248 to be just even and it's only 13,850 or so. Both are subject to the same inflation so golds done better. Also if you own gold you have something of more value than a piece of typing paper.[/QUOTE]</p><p><br /></p>
[QUOTE="CoinSaver, post: 291708, member: 9979"]I like how people always pick certain time frames to prove their point. Let's take a look at another time period. Gold was selling for $20.00 an ounce in 1929. The stock market topped out at $381.00. Today gold sells for $800.00 an ounce or 40 times. The stock market should be at 40 times 381 or 15,248 to be just even and it's only 13,850 or so. Both are subject to the same inflation so golds done better. Also if you own gold you have something of more value than a piece of typing paper.[/QUOTE]
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Gold $800.00, Silver $16.00 next target?
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