[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Patrick Chkoreff
On Wednesday, December 3, 2003, at 11:12 PM, Sidd wrote: Here's an interesting observation: ... Thus, I have been MUCH better off keeping my money in a NZ bank at an interest rate of 6.5% than I would have been if I had kept it in gold. Interesting. You mentioned USD/AU and USD/NZD, but do you

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread James M. Ray
At 5:12 PM +1300 12/4/03, Sidd wrote: Here's an interesting observation: ... You Americans must be really pissed at how your currency is being destroyed! So far, it doesn't seem to be much of an issue. Most folks have probably forgotten the high inflation days of the '70s by now, so it's a

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Sidd
Hello Patrick, Patrick Chkoreff wrote: Interesting. You mentioned USD/AU and USD/NZD, but do you have a bottom line figure on NZD/AU? I mean, how much has the price of gold in NZD dropped over the last two years? Actually, from the data I have, in the same time period I quoted before, it

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-04 Thread Patrick Chkoreff
On Thursday, December 4, 2003, at 03:22 PM, Sidd wrote: Interesting. You mentioned USD/AU and USD/NZD, but do you have a bottom line figure on NZD/AU? I mean, how much has the price of gold in NZD dropped over the last two years? Actually, from the data I have, in the same time period I

[e-gold-list] Re: gold price downturn and investment vehicles

2003-12-03 Thread Sidd
Here's an interesting observation: In the last 2 years, most people have been excited about the rise in the gold price. On this day in 2001 the gold price was $275/ounce http://kitco.com/scripts/hist_charts/daily_graphs.cgi Today the gold price is $403/ounce.