Friday, September 11, 2009

Gold is cheap at $1000/oz

Open bank vault with gold bars - 3D render photo

People say that gold is near its all time high. That is true, but gold is cheap at $1000/oz because we are looking at inflation. All those green pieces of paper will soon lose value. Only gold has been a stable barometer of wealth over the centuries. It is true that paper currency tend to lose value over time.

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