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<p>[QUOTE=&quot;rush2112, post: 924247, member: 25570&quot;]Wanting to buy gold is tempting when we are told what the price should be much higher using the 1980 high and inflation taken into consideration.</p><p>&nbsp;</p><p>Average 1980 price of gold per ounce over the year was $615.00.</p><p>Using the below inflation link shows gold today should be trading at 1,662.94.</p><p>&nbsp;</p><p>From 1833-1918 gold traded within the range of $18.93 in 1833 to $18.99 in 1918.A difference of only $.06 in 85 years.</p><p>&nbsp;</p><p>If we use the second 1833-1918 range high of $18.99 instead of the 1980 spike and calculate inflation we come up with $256.14 not far from the 2001 average of $271.04.</p><p>&nbsp;</p><p>Question:what is todays price of $1,256.50 based upon?</p><p>&nbsp;</p><p>inflation link</p><p><a href="http://www.bankofcanada.ca/en/rates/inflation_calc.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bankofcanada.ca/en/rates/inflation_calc.html" rel="nofollow">http://www.bankofcanada.ca/en/rates/inflation_calc.html</a></p><p>historical gold prices</p><p><span style="color: #0e774a"><a href="http://www.nma.org/pdf/gold/his_gold_prices.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nma.org/pdf/gold/his_gold_prices.pdf" rel="nofollow">www.nma.org/pdf/<b>gold</b>/his_<b>gold</b>_<b>prices</b>.pdf</a></span> [/QUOTE]</p><p><br /></p>

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