Is Gold Expensive at $791 an Ounce? Why Gold Will Continue to Soar Much Higher.
November 2, 2007 -
I’m not really sure how all the “Gold at 27-year high” headlines came to be, but my own calculations tell me that gold would have to break at least $2,400 an ounce to break its supposed 27-year high. When discussing the purchase of a 7-series BMW that sells for a MSRP of $90,000 today, no one ever looks at its sales price from 5-years …
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