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Thread: Merged: Is the worst of the Global Financial Crisis behind us?
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Old 11th Sep 2009, 09:23
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Chimbu chuckles

Grandpa Aerotart
 
Join Date: Jun 2000
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Got my start year and prices confused - 1833 was USD20/ounce, 1970 was USD35/ounce.

London Fix Historical - result

I guess you finally understand why property prices are where they are today glad we finally got to the bottom of it.
Ya think they'll stay there? I don't.

Edit: Don't know why that link isn't giving the data I sought to show and I don't have time to sort it - non the less a 57% inflation in gold between 1833 and 1970 as opposed to the inflation - USD35 to USD980 per ounce - seen in the last 39 yrs tells the story on recent govt policy.
Last edited by Chimbu chuckles; 11th Sep 2009 at 09:35.
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