http://news.coinupdate.com/gold-price-sets-all-time-high-silver-reaches-month-high-0273/ Coin Collecting News Wed, 08 Feb 2012 20:49:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://news.coinupdate.com/gold-price-sets-all-time-high-silver-reaches-month-high-0273/comment-page-1/#comment-1327 Lorne M. Thu, 13 May 2010 19:19:04 +0000 http://news.coinupdate.com/?p=2737#comment-1327 I believe the psychological effect of a 'record' is important, but except this these numbers are kind of exaggerated, because this record is just nominal. If you adjust gold prices to inflation, 1980 price is around $2500 of 2009 dollars, not to say if you take seriously different methodologies for inflation (especially mentioning John Williams of Shadow Government Statistics), which place 1980 somewhere around $7000 per ounce (2010 dollars). No matter which figure you choose, we are still far from there... I believe the psychological effect of a ‘record’ is important, but except this these numbers are kind of exaggerated, because this record is just nominal. If you adjust gold prices to inflation, 1980 price is around $2500 of 2009 dollars, not to say if you take seriously different methodologies for inflation (especially mentioning John Williams of Shadow Government Statistics), which place 1980 somewhere around $7000 per ounce (2010 dollars). No matter which figure you choose, we are still far from there…

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