Gold + 43% since 11/20/2008 (Updated : 54%)

This links to a good tool allowing you to chart the evolution of Gold from date to date.

(In French, but ... efficient !)

I tried from 11/20/2008 to 11/03/2009 (less than a year)

(In European date format : from 20/11/2008 to 03/11/2009)

That gives : from 740 to 1060 that is a + 43%

See the chart :

[atsimg]http://files.abovetopsecret.com/images/member/37412e6a1d00.jpg[/atsimg]

See the figure ?

Updated 11/04/09 : 54%

[edit on 4/11/2009 by orkson]

reply to post by orkson


I have always thought that...
.
When the value of the dollar drops,... the value of gold most go up.

just me thinkin though...

The rise in gold in inverse to the loss of value of the dollar.

43% gain in gold is a 57% loss of value of the dollar.

We're in big, big trouble.

So if you sold something to someone for $1,000 dollars a while back, and you're getting paid monthly, you're now only getting 43 cents for every dollar paid back.

Probably wouldn't be that way, if it weren't for this guy:

www.lewrockwell.com...

reply to post by dooper


43% gain isn't bad, though I question a 57% depreciation in the dollar since gold was at 740, as gold only dipped back into the mid-700s only last year.

Mind you, the dollar has lost something like 97% of its value/purchasing power since its inception. Like every one of the thousands of fiat currencies before it, the dollar is doomed to fail. It's almost a natural law - every single fiat currency eventually fails, judging by history, and the dollar seems to be on its last legs.

I am surprised more people don't understand the role and value of gold - it had a nice pop today/last night - signs of things to come I reckon.

So much for philsgang.com's 'rally you are not supposed to know about' in the dollar, along with the massive deleveraging and decline in the price of precious metals.

[edit on 3-11-2009 by cloudbreak]