Gold

[Exotix]

... currently peak is (all-time high) +/- $1700/oz. ... expected to go $2500/oz. ..

[Joecooool]

Five years from now it will be back to $400 an ounce. People will have lost a ton of money.

[ChasC5]

Originally Posted by Joecooool

Five years from now it will be back to $400 an ounce. People will have lost a ton of money.

All the Gold Blinng I have is old and was a gift ... so I don't expect to be cashing in on it anyway.

[pappytinker]

Originally Posted by Joecooool

Five years from now it will be back to $400 an ounce. People will have lost a ton of money.

I believe that you will be proven to be mistaken. Gold is a commodity, has intrinsic value and that value is governed by the laws of supply and demand. Dollars are fiat money (look that up in your Funk & Wagnal's if you don't know what it is) and their only value is the confidence anyone has in them. The dollar fluctuates against commodities. History shows that this is true and, as Benjamin Franklin said, "Doing the same thing over and over and expecting a different result is insanity." What government has been doing, almost since its inception, is insanity.

In the early 1900's, one ounce of gold (a $20 gold piece worth about $22) would buy a good, "custom made" suit in America. Today, one ounce of gold (a $20 gold piece worth currently about $1700) will buy a good, "custom made" suit in America. The commodity value of the new "custom made" suit vs. the commodity value of the $20 gold piece has not varied much. The value of the dollar, however, has dropped by a factor of about -77. That value drop is a hidden tax paid by all of us and it is called inflation.