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Tag Archive 'gold'

Weak Dollar or Inflation Hedge?

The price of gold closed in London at $995 per ounce on March 13, the highest since 1980, and considerably above its most recent peak in May 2006. However, as shown in the chart below, the price of gold in euros had barely returned to is May 2006 level by October 2007–the surge in the […]

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The following chart plots the price of gold, wheat and a broad commodities index against the general price level in the U.S. since January 1975. The plot is showing percentage deviations from the 1975-2008 average – I would have used a longer time series if I had time and money.

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New $5 Bill To Be Issued Today

It looks like this:

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