Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Gold prices are hitting records

wsj.com

Post reply on HN
Print view View original

1–10 of 87 posts

Re: Gold prices are hitting records

#3

Post by Dig1t »

ortusdux wrote: post #2

If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...

Looks like Great Depression, 1979/1980, and right after the Great Recession.

What is the significance of 79/80?

Re: Gold prices are hitting records

#6

Post by strangesmells06 »

Dig1t wrote: post #3
ortusdux wrote: post #2

If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...

Looks like Great Depression, 1979/1980, and right after the Great Recession. What is the significance of 79/80?

It was the most severe recession since the Great depression lol good times /s https://en.m.wikipedia.org/wiki/Early_1980s_recession

Good time to buy defense contractor stock because one way to get out of serious depressions/recession is a war.

And the presidential election is next year...

Re: Gold prices are hitting records

#7

Post by I_Am_Nous »

Dig1t wrote: post #3
ortusdux wrote: post #2

If you adjust for inflation, there have been 3 periods in the last 50 years with higher gold values. https://www.macrotrends.net/1333/historical-gold-prices-100-...

Looks like Great Depression, 1979/1980, and right after the Great Recession. What is the significance of 79/80?

There was an energy crisis related to unrest in Iran, the Iraqi invasion of Iran, and the oil output fluctuating as a result.

Re: Gold prices are hitting records

#9

Post by oldpersonintx »

I've been trading gold and silver intermittently for decades

you see periodic life in the gold price movement, but mostly it goes nowhere

gold bugs rejoice in those few weeks in a decade when the price comes to life...but are mum on the fact that mostly it is a flatlined asset

Re: Gold prices are hitting records

#10

Post by oldpersonintx »

nostromo wrote: post #8

The US real estate to gold ration has always facinated me: https://www.longtermtrends.net/real-estate-gold-ratio/ If you bought a house with gold in 1890 or 2023, the price would be... about the same.

the old maxim is that an ounce of gold would always buy a man a new suit, a meal, and a place to sleep for the night
Post reply on HN