When will gold rise over 1200 an ounce again?
Statistically, gold is more likely to see $350 than $1,200… Since the year 1515 (yes, you read that right!), gold has maintained an inflation-adjusted average price of $350/ounce, and every time there has been a bubble (such as we have seen several times lately) it has fallen back in line with that average. Here’s a graph of the price per counce over the last 600 years; http://www.sharelynx.com/chartsfixed/600… Unless you sincerely believe something fundamental has recently changed about the nature of money, human greed, and human fear, it should be fairly obvious where gold prices are most likely to go next…
