About Us
Coins For Sale
Selling Your Coins
Rare Coin Archives
Coin Collecting
Investing in Coins
Coin Information
Coin Articles
/World Coins
Books, Loupes etc.
Link to Us
Contact Us
  Sign up for our free NewsLetter
  Sign Up 





Considering Gold, 2008 Not Like 1980
By Patrick A. Heller
January 07, 2008

Gold started 2008 with a bang, closing on the Comex Jan. 2 at its highest level ever (if you ignore inflation). It has gone higher since.

There are significant differences between the 2008 and 1980 gold markets, however.

" Today's price does not reflect the effect of 28 years of inflation. Gold's price would need to be, maybe, $2,300 to equal its 1980 peak.

" The 1980 price spike was sharp and short-lived. Today's price has been accomplished gradually with broad worldwide demand in the face of admitted major efforts by governments to hold down the price.

" Conclusion: the price of gold today is not yet at record levels. Instead, I expect that within 24 months.


Gold market

US Rare Coin Investments 2003 - 2017 U.S. Rare Coin Investments

Have a friend who might be interested?
Inform them about us now!
Your E-mail: Your Name: Friend's E-mail: Friend's Name:
Send to a Friend