My fellow Steemians,
Below you have a chart of the Gold Price adjusted for inflation from 1720 to 2018.
With a gold price at $1221, gold is almost as cheap as it was in 1999 at $250, adjusted for inflation.
The 1980 high of $850, today would be $16500.
So with the negative sentiment we have today and the low price of gold today, gold is undervalued!
Thank you for reading!
https://kingworldnews.com/alert-greyerz-the-terror-of-2008-is-about-to-come-back-with-a-vengeance/
Interesting number as I heard a similar number of slightly over $20,000 with a debt adjusted ratio going back to 1971 when we went off the gold standard.
Great
a very useful program my friend,i support the program,@chinchilla
Old information it is great
I say thank you for upvoting me and encourage me to stay on steemit.
Your only single upvote increase my reputation 31. To 32.221 .
Thanks again for your cooperation.
You are welcome! :-)
Appreciate it
Thank you sir for upvote my post
thanks for highlighting, re-steemed
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