Gold – A “Bridge Over Troubled Water”

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At finest of gold’s last bull market in 1980, the nominal high price was $850. Achieve that same level a good inflation-adjusted basis today – using the CPI as calculated the actual government – the price would rise to somewhere within $2,000 and $3,000. The actual if the U.S. resolved to return a few gold standard to back its paper dollars? Gold would in order to be be valued at more than $6,000 per ounce.

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SO, gold’s code is XAU. That’s right; gold has some currency code, just prefer the Euro, dollar and yen. Gold coins may not be used for transactions in your town (yet), but a variety of the framework is on the spot.After all the time “Gold Money”.