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<p>[QUOTE=&quot;Vess1, post: 550534, member: 13650&quot;]You make good points there.&nbsp; We&#039;re definitely in uncharted territory.&nbsp;&nbsp; To try to derive something from the historical chart on gold is pretty much futile.&nbsp; </p><p><br /></p><p>&nbsp; Gold was briefly over 500 and 600 in the late 70s early 80s before settling all the way back down to below 300 in 2000 and mostly staying under 300 through 2001.&nbsp; &nbsp; So after the last peak, it gradually dropped off and leveled out for <b>decades</b>.&nbsp; </p><p><br /></p><p>&nbsp; We&#039;re obviously at or near the top of an all time high peak now with the markets in the tank.&nbsp;&nbsp; Maybe it will level off here for decades again?&nbsp; But to continue the climb it&#039;s been on, I believe is asking a lot.&nbsp;&nbsp; I need more time to pass to be convinced.</p><p><br /></p><p>&nbsp; $300 gold sure seems like a safe level to buy at in 2000, 2001 in hindsight, for how long it had maintained there.&nbsp; I never had a chance to back then.&nbsp; Well, I shouldn&#039;t say that.&nbsp; It just wasn&#039;t on my mind and I was just starting a career at a very low salary.&nbsp; Although I was living at home so I should have bought a bunch.&nbsp; Blown opportunity.</p><p>&nbsp;&nbsp; But then, I&#039;m sure it had been around that level for so long, people got comfortable and figured it would always be there at that price.&nbsp; Then when it raised to 450, people took their profit and ran.&nbsp; </p><p><br /></p><p>&nbsp; One interesting note:&nbsp; In 2000, to buy one ounce of gold (even at my meager salary) would have been roughly 22% of my monthly take home.&nbsp; &nbsp; I&#039;ve gotten 35% worth of raises since then but now to purchase the same ounce of gold in 2009 would cost me 46% of my monthly take home!&nbsp;&nbsp; I missed the boat.&nbsp; &nbsp; I don&#039;t like the direction this is going. </p><p><br /></p><p>&nbsp;Yeah, the next 10 years will be interesting.[/QUOTE]</p><p><br /></p>

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