The price of gold peaked out in real terms in 1979 at over $2,000 in today’s money. Briefly, an ounce of gold was so loved – and stocks so despised – that you could buy all the stocks in the Dow index for just a single ounce of gold.
September 21st, 2009 | Bill Bonner | 23 comments | ContinuedAll Posts Tagged With: "price of gold"
Should You Buy Gold Now?
The Trade of the Decade is still buy gold/sell stocks. And the decade isn’t over. If you have US stocks, this is a good time to sell. The Dow went up 63 points yesterday – a weak bounce after several days of losses.
September 7th, 2009 | Bill Bonner | 0 comments | Continued
Greatest Economic Disaster in Recorded History
“The coming great inflation will destroy America’s economic leadership. It will lead – eventually – to the return of settling international obligations in gold instead of paper dollars. And this will happen much faster than anyone expects.
April 16th, 2009 | Porter Stansberry | 10 comments | Continued
Gold Fell $4
Believe it or not, over a long, long time gold has been extremely reliable. An ounce of it buys about as much bread in A.D. 2009 as it did in A.D. 9.
January 7th, 2009 | Chris Mayer | 0 comments | Continued
The Price of Gold is Low – But It Won’t Stay There Forever!
Yes, the prices of gold and silver rose on Monday. But gold mining shares declined along with all the other stocks. What was that all about?…
October 6th, 2008 | Bill Bonner | 1 comment | Continued
Price of Gold Fell $21 to $886
Gold, too, took a beating yesterday. It fell $21, to $886. “Will we ever have an opportunity to buy gold below $900,” we asked a few days ago. Now we have our answer – yes.
August 7th, 2008 | Bill Bonner | 2 comments | Continued
The Price of Gold Has Not Retreated Permamently
We’ve said for years that there is a very tight correlation between rising oil prices and rising gold prices. While oil prices may moderate at some point – because, again, no market goes straight up or down – the trend is clearly for sustained high prices. This is additional support for the price of gold in our view. So…given gold’s correction, you might go right ahead and sell your gold. I’m hanging on to mine. And if I’m hanging on to my gold, I’m hanging on to my gold stocks.
May 14th, 2008 | David Galland | 0 comments | Continued
Bankruptcy Filings Rose 18%
Bankruptcy filings rose 18% in February. One of the big mortgage lenders, Thornburg, of Santa Fe, New Mexico, defaulted on a $320 million loan. Investors sold the stock. Just a week ago, it was a $12 stock. Now it’s a $3 stock.
March 7th, 2008 | Bill Bonner | 0 comments | Continued