AgTalk Home
AgTalk Home
Search Forums | Classifieds (1) | Skins | Language
You are logged in as a guest. ( logon | register )

Found this gold chart interesting
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
John Burns
Posted 9/14/2020 11:40 (#8495071 - in reply to #8494649)
Subject: percentage moves



Pittsburg, Kansas

But percentages don't.

 

A 10% move up from a low level is a lot less dollars move that from a higher level. Yet the percentage move could be the same. As the dollar value in purchasing power becomes less the moves in dollar amounts will become greater.

Does not mean gold will buy any more. Just that the dollar will purchase less.

In 1870 the farm I live on sold for $20 an acre or one ounce of gold (double eagle). It stayed in a range of one to two ounces over most of my lifetime. Today with the improvements it would take bout two ounces but the bare land maybe one to one and a half ounces if it were not located where it is near housing.

A 50% increase in "gold price" in 1870 would have made it $30. But a 50% move today would be considerably more dollars. The gift of inflation.

John



Edited by John Burns 9/14/2020 11:52
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete all cookies set by this site)