Comments on: Is Gold Expensive at $791 an Ounce? Why Gold Will Continue to Soar Much Higher. http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/ The definitive investment blog for investment news not discussed in the mainstream media Sun, 07 Sep 2008 17:07:13 +0000 http://wordpress.org/?v=2.0.3 by: David S http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18370 Thu, 27 Dec 2007 06:57:07 +0000 http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18370 Of course though - there are disturbing issues with fiat currencies, in new territory which the world has never experienced before, which suggest gold may be cheap. Having lost $1800 in a bank run recently (forgoing all my interest as a penalty for withdrawing my money out quickly).... I do have my own reasons for considering gold cheap at current prices. Certainly having gold at this price is cheaper and superior than seeing my money disappear in a bank which could fails overnight. Of course though - there are disturbing issues with fiat currencies, in new territory which the world has never experienced before, which suggest gold may be cheap.

Having lost $1800 in a bank run recently (forgoing all my interest as a penalty for withdrawing my money out quickly)…. I do have my own reasons for considering gold cheap at current prices. Certainly having gold at this price is cheaper and superior than seeing my money disappear in a bank which could fails overnight.

]]> by: David S http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18369 Thu, 27 Dec 2007 06:47:21 +0000 http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18369 I'm not anti your article - I enjoy reading all kinds of analysis including yours. Here's one way of looking at gold. An ounce of gold would buy a fine tailored suit in the days when Shakespear lived, and should be able to do the same today in our age... and in all future years, as gold's role of being a constant store of wealth. You can trade the spikes for profits but to me it's a store of wealth. I’m not anti your article - I enjoy reading all kinds of analysis including yours.

Here’s one way of looking at gold. An ounce of gold would buy a fine tailored suit in the days when Shakespear lived, and should be able to do the same today in our age… and in all future years, as gold’s role of being a constant store of wealth. You can trade the spikes for profits but to me it’s a store of wealth.

]]> by: David S http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18368 Thu, 27 Dec 2007 06:44:22 +0000 http://www.theundergroundinvestor.com/2007/11/02/gold-expensive-at-791-an-ounce-not-by-a-long-shot/#comment-18368 The issue I have with your article, is the 1980 spike was exactly that..... a temporary but extremely high spike in the gold price and soon after gold fell and fell and fell in price to be flatlining for 21 years or so. Even if your calculations are correct with $2,400 being the equivilent of the $850 gold price at it's highest in 1980..... $2400 would make it very overpriced in todays money as it was in 1980. If it was a constant from 1980 then maybe so... to suggest gold should be trading at $2400 based on one short spike... when compared to 3000 years of gold price.... can you see what I'm getting at? The issue I have with your article, is the 1980 spike was exactly that….. a temporary but extremely high spike in the gold price and soon after gold fell and fell and fell in price to be flatlining for 21 years or so.

Even if your calculations are correct with $2,400 being the equivilent of the $850 gold price at it’s highest in 1980….. $2400 would make it very overpriced in todays money as it was in 1980.

If it was a constant from 1980 then maybe so… to suggest gold should be trading at $2400 based on one short spike… when compared to 3000 years of gold price…. can you see what I’m getting at?

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