Gold at 300 year low!

[chinchilla]

My fellow Steemians,

Below you have a chart of the Gold Price adjusted for inflation from 1720 to 2018.

With a gold price at $1221, gold is almost as cheap as it was in 1999 at $250, adjusted for inflation.

The 1980 high of $850, today would be $16500.

So with the negative sentiment we have today and the low price of gold today, gold is undervalued!

Thank you for reading!

_{https://kingworldnews.com/alert-greyerz-the-terror-of-2008-is-about-to-come-back-with-a-vengeance/}

Comments

[rollingthunder]

Interesting number as I heard a similar number of slightly over $20,000 with a debt adjusted ratio going back to 1971 when we went off the gold standard.

[millionmoney]

Great

[love-peace]

a very useful program my friend,i support the program,@chinchilla

[sardar-sani]

Old information it is great

[ariba57]

I say thank you for upvoting me and encourage me to stay on steemit.
Your only single upvote increase my reputation 31. To 32.221 .
Thanks again for your cooperation.

[chinchilla]

You are welcome! :-)

[millionmoney]

Appreciate it

[millionmoney]

Thank you sir for upvote my post

[soundmoney]

thanks for highlighting, re-steemed

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