Gold peaked at $850 in the 1980's. As long as home prices and wages continue to drop with mounting job losses, inflation will not return. We are in a deflationary environment, that is why the Fed has it's foot on the pedal. When bernanke says enough, then inflation will return. Don't fight the Fed.
Nice
SavagePatriotUSA 2 years ago
gold went up to $2,000 in 80's and came
down around $ 300 in year 2001. every-
things inflate, but gold goes up is becuase the supply and demand. peter
says to buy gold!? also peter say we need
to save money. i can barely put food on the table. i am just wandering how much
of gold an average american can affort to
buy? and wil that few oz, of gold be enough to save me in super high inflation?????
sunnyjong1 2 years ago
Gold peaked at $850 in the 1980's. As long as home prices and wages continue to drop with mounting job losses, inflation will not return. We are in a deflationary environment, that is why the Fed has it's foot on the pedal. When bernanke says enough, then inflation will return. Don't fight the Fed.
guillone 2 years ago
Enjoy the weather. It's getting cold up here (upstate New York).
There are times I wish global warming would speed up.
deadman12078 2 years ago