All That Glitters......

[muffin]

.......gold price down 20% in the last few months. Will gold prices continue to drop?

moneymorning.com/2013/05/16/why-gold-prices-are-going-down/

[jamie]

Jun 8, 2013 16:37:46 GMT -5 muffin said:

.......gold price down 20% in the last few months. Will gold continue to drop?

moneymorning.com/2013/05/16/why-gold-prices-are-going-down/

It might for awhile but it will go back up even higher. Not that it is worth more in what it can purchase. It is just that govt. printed money is becoming more and more worthless.

Basically the intrinsic value of gold stays roughly the same while printed money devalues.

Or so I have been told.

It used to take roughly 20 to 40 oz's of gold in the 1920's to purchase a nice car Today it takes roughly 20 to 40 oz's of gold to purchase a nice car.

[DaveyJones]

TIP.....

Watch the Dow Jones industrial average all this month.

[jamie]

www.nma.org/pdf/gold/his_gold_prices.pdf

chart of gold prices from 19th century through 2011.