GREY:NEVDQ - Post by User
Post by
rockhound3on Nov 25, 2020 11:18am
715 Views
Post# 31969685
Gold- not all that stable = some trivia
Gold- not all that stable = some trivia a few memories;
1. Back in 1964 gold mining was being subsidized = I think the price was $35USD an oz
2. In 1966 my economics prof was telling us of the "Gold Opportunity"
3. In 1979 gold went up close to $1000
4. In 1982 I bought a gold 1 dollar coin & and my memory is that it was about $750 for an oz
5. In 2001 I was at the big gold mine on the island of Sumbawa( cost of approx $2 billion) and gold was just over $200 an oz
6. Gold now close to $2000 an oz
Is this stability?
Rock