http://rtfa.disqus.com/RTFAenWed, 03 Dec 2008 00:50:45 -0000http://rtfa.net/2008/02/12/whats-behind-the-record-price-of-gold/#comment-4141089I think we should move to the hooker standard. Sex has been valuable much longer than gold and there's scientific evidence to prove it (unlike gold)... just look at that recent monkey prostitute science experiment.monkey whoreWed, 03 Dec 2008 00:50:45 -0000http://rtfa.net/2008/02/12/whats-behind-the-record-price-of-gold/#comment-4129116Gold has always been a constant economic commodity since time immemorial. As paper markets come and go, the price of gold will remain valuable, no matter if it fluctuates.ounce of goldTue, 02 Dec 2008 12:07:00 -0000http://rtfa.net/2008/02/12/whats-behind-the-record-price-of-gold/#comment-3681829The article makes an interesting point about the 1980 $850 high:<br><br><br>After 28 years of inflation and a weak dollar, it will take a big push in the markets to surpass the 80s high in real terms. Gold would have to hit $2,200 an ounce in today’s dollars to match the 1980 price, Milling-Stanley said.<br><br><br>I interpret this to mean, "what quantity of standard basket items could you purchase." <br><br>Although I don't know where to get good commodities prices, here are two questions that would get to the heart of the matter:<br><br>* how much petroleum could be purchased for an ounce of gold in 1980 and 2008?<br><br>* how much milk could be purchased for an ounce of gold in 1980 and 2008?farkingaTue, 12 Feb 2008 15:39:39 -0000