Question about Gold
05-10-2009, 04:49 PM
#1
Retired
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Joined APC: Feb 2008
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Question about Gold
I,m just really curious as to why it is that Gold advertisement's are in vogue and when gold was 245 dollars an ounce it was not "pushed"as much as it is now .
Would have been a better investment back then compared to what it cost per ounce now.
Fred
Would have been a better investment back then compared to what it cost per ounce now.
Fred
05-10-2009, 05:34 PM
#2
With The Resistance
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Probably for the same reasons you see lots of Shamwow and Slapchop ads.
Plenty of supply and a highly inflated product that needs to be pumped up to look attractive to the average person.
Gold has no special magic, but is a traditional inflation hedge that spikes during periods of financial uncertainty which is why it is priced at about four times it's average cost now.
As a long term investment it is priced at about the same level(actually a little cheaper) in constant dollars as when Isaac Newton standardized the price in London prior to the US revolution. Spikes happen during wars and other events and usually fall even more quickly than they climb.
See also:http://www.airlinepilotforums.com/mo...1658-gold.html
Plenty of supply and a highly inflated product that needs to be pumped up to look attractive to the average person.
Gold has no special magic, but is a traditional inflation hedge that spikes during periods of financial uncertainty which is why it is priced at about four times it's average cost now.
As a long term investment it is priced at about the same level(actually a little cheaper) in constant dollars as when Isaac Newton standardized the price in London prior to the US revolution. Spikes happen during wars and other events and usually fall even more quickly than they climb.
See also:http://www.airlinepilotforums.com/mo...1658-gold.html
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