>>If you plug in $850 to the Minneapolis Fed inflation calculator
http://www.minneapolisfed.org/Research/data/us/calc/index.cfm , and
the year 1980 and simply adjust for inflation to 2007, you'll see
that in order for gold to make a new high today, it would need to
exceed $2,128.09 per ounce.
So here's your homework Go to the Google News Search Engine and look
up gold. Now, click on any of the stories about gold hitting new
highs. Then, using your browsers word search function, look for the
word inflation in each story.
It's my view that if a report deals with gold prices from 1980 (the
last time it was over $800) and doesn't mention the inconvenient
truth about inflation and the fraud of a 'strong dollar policy' then
the reporter is either in league with the Powers That Be, or should
go back to writing obits until they can at least report reasonable context.<<
I don't think about inflation when I see current gold prices,
gasoline or bread prices. Good point if you ask me.
It's not too late to think about getting next years garden ready.
Rob
becida AT comcast.net
Western Washington State, USA
[Homestead] An interesting outlook,
Rob, 11/03/2007