Gold Price Jan 2009

When Obama was first inaugurated in Jan 2009 Gold was $850 an ounce, now it's $1684.

King Midas?

If it keeps going that way it should be around 3350 by 2017.

When his predecessor took office it was about $260 an ounce. It nearly quadrupled while he was president.

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Originally Posted by Zippyjuan

When his predecessor took office it was about $260 an ounce. It nearly quadrupled while he was president.

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Well , when the debt is pushing 23 Trillion in 2016 what do you think ?

maybe someone should make a chart the gold price relation to the national debt

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Originally Posted by psi2941

maybe someone should make a chart the gold price relation to the national debt

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http://www.deviantinvestor.com/wp-co...l-debt-big.jpg

There you go .

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Originally Posted by cocrehamster

<snip image>

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Note that the chart only starts in 2001 when gold hit its low. Try going back another 20 years. The price of gold was declining from 1980- 2001 and yet the debt was still rising.

Quote:

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Originally Posted by Zippyjuan

Note that the chart only starts in 2001 when gold hit its low. Try going back another 20 years. The price of gold was declining from 1980- 2001 and yet the debt was still rising.

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we were still productive to an extent

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Originally Posted by jkr

we were still productive to an extent

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And not at 0% interest rates.