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| I did some calculations, and if the past two weeks performance could be annualized, the price would two and one half times itself in one year. Makes corn look cheap. An ounce of gold will buy more than twice as many bushels of corn today than it did when set record price in 1980. Something’s askew.Arbitrage opportunity? And even though gold is record price, locally it would require 1 1/2 times as many ounces to buy an acre of the same land today as it would have purchased in 1980. Interesting dynamics at play here. Edit too add; if a person were to buy a kruggerand every month, and the current gold/land ratio stayed the same, it would take 53 years before he could exchange his gold for 160 acres here. Using a current land price of $12,500 acre. And that’s not figuring any taxes owed on the gold appreciation, if any.
Edited by Boone & Crockett 4/16/2025 05:46
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Gold is on a tear
