Thread: gold investing
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  #16  
Old 07-01-2010, 03:06 PM
Peemoan Peemoan is offline
Sand Trout
 
Join Date: Sep 2009
Location: Jennings, La
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DOW price in 1999 = 10000+
DOW price in 2010 = 10000+

Gold price in 1999 = $250/oz
Gold price in 2010 = $1250/oz

In 1999 Crude was $20/bl
In 1999 you could buy 500 bls of oil with (1) DOW unit.
In 2010 you can buy 130 bls of oil with (1) DOW unit.

In 1999 you could buy 12.5 bls of oil with (1) Gold unit.
In 2010 you can buy 16 bls of oil with (1) Gold unit.

Why do we only look at the number of dollars we have?

Just Sayin…
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