{"id":50278,"date":"2019-12-23T10:47:53","date_gmt":"2019-12-23T15:47:53","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50278"},"modified":"2019-12-23T10:47:56","modified_gmt":"2019-12-23T15:47:56","slug":"a-trend-worth-considering-the-price-of-gold-since-1971","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50278","title":{"rendered":"A Trend Worth Considering \u2013 The Price of Gold Since 1971"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/commentaries\/a-trend-worth-considering-the-price-of-gold-since-1971\/\">A Trend Worth Considering \u2013 The Price of Gold Since 1971<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/06\/gold-bar-stack.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/06\/gold-bar-stack.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">As we approach the end of 2019,&nbsp;<a target=\"_blank\" href=\"https:\/\/schiffgold.com\/buy\/gold\/\" rel=\"noreferrer noopener\">gold<\/a>&nbsp;is on track for a healthy yearly gain. To date, the yellow metal is up over 16% on the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s always interesting talking about gains in the price of gold because when you get down to it, it all depends on when you got into the market. If you bought an ounce of gold on Jan. 1 of this year and sold it this morning, you\u2019d have pocketed around $208 (less any taxes and fees). But if you bought your gold at the peak price this year and sold it this morning, you\u2019d be out about $68.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, when we say gold is up or down, you always have to ask a second question: since when? The price can be simultaneously up and down at the same moment depending on the answer to that question.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I occasionally get comments on articles posted on the&nbsp;<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/schiffgold\/\" rel=\"noreferrer noopener\">SchiffGold Facebook page<\/a>&nbsp;by people complaining that they\u2019ve lost a lot of money in gold because they bought when the market was at its absolute peak in 2011 and the yellow metal nearly hit $1,900. I can certainly understand their frustration, but I don\u2019t buy their argument that their experience proves gold is a bad investment. While eight years seems like a long time, it\u2019s not in the big scheme of things.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As I said, where you begin when you talk about a trend is key. Plucking an arbitrary date out of thin air doesn\u2019t necessarily tell us a whole lot. It\u2019s important to begin at a key moment in history.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Trend Worth Considering \u2013 The Price of Gold Since 1971 As we approach the end of 2019,&nbsp;gold&nbsp;is on track for a healthy yearly gain. To date, the yellow metal is up over 16% on the year. It\u2019s always interesting talking about gains in the price of gold because when you get down to it, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[374,23123,647,18779],"class_list":["post-50278","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gold","tag-michael-maharrey","tag-precious-metals","tag-schiffgold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50278"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50278\/revisions"}],"predecessor-version":[{"id":50279,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50278\/revisions\/50279"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}