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Quentin Drew
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$2100 ‘Sounds Right’ For an Ounce of Gold - Rick Ackerman -

An interesting article but one which seems diametrically opposed to the thoughts of Adrian Douglas if I understand Adrian correctly. Would be interested to hear what Adrian has to say about this article because my impression is that, in future, gold will buy a lot more than it does at present. It is very hard to see how it could buy less. I would have thought that the relative scarcity of gold and silver and the inevitable devaluation of currencies woldwide would take care of that. James Turk's analysis of the oil market shows that gold today buys the same amount of oil as it has always done. His analysis certainly does not seem to indicate that gold will buy less oil in the future.

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Beginning of the headline :The dollar is down about 98% since it became global tender. Back in 1971, era of Nixon Shock, the price of an ounce of gold was $35 -- in line with its 1945 conscription. Right after Nixon closed the gold window, the price popped to $42. All things being equal (and assuming gold doesn't get used up), at what price must gold be valued to compensate for a 98% loss from... Read More

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