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by eCa
5252 days ago
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What you really said though was that the value of gold has changed compared to the dollar. Gold is a usual "safe haven" in times of economic troubles - and you could say that we have had those in the last few years. Since 2009 gold has tripled in dollar value [1]. That does not mean that the dollar has lost a third of its value. What your figures show: ---
August 2004:
Gold $405
Google $85/share Now:
Gold $1735
Google $576/share
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Is this:
Gold: 1735/405 ~= 4.28
GOOG: 576/85 =~ 6.77 GOOG/Gold: 6.77/4.3 = 1.57 Google have given their shareholders a value worth 57% more than gold. If you instead had kept your $85 in your pocket since 2004, how many dollars would have today? [1] http://goldprice.org/NewCharts/gold/images/gold_5_year_o_s_u... |
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