What Was the Value of GOld WHen Bush Came to Office?

[fascisthunter]

and will Gold ever sink back to that value?

[BelgianMadCow]

1. The LBN Stock market watch thread must have been evading you...266.70$/oz

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3562178

AT THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.

In recognition of those prescient of the Dow's precipitous return of Bush values (9/29/08): JuneBorder and AnneD

AT THE CLOSING BELL ON October 23, 2008

Dow... 8,691.25 +172.04 (+2.02%)
Nasdaq... 1,603.91 -11.84 (-0.73%)
S&P 500... 908.11 +11.33 (+1.26%)
Gold future... 714.70 -20.50 (-2.79%)
30-Year Bond 3.97% -0.12 (-2.91%)
10-Yr Bond... 3.53% -0.08 (-2.32%)

If I knew the answer to your second question, I'd probably be richer than I am. Gold DID go down today, which is rare when the DOW goes down. So they say..:shrug:

[trotsky]

2. Same thing happened under Herbie Bush the Elder.

The BFEE are gold bugs, heavily invested in the metal.

[Lex1775]

3. There are a lot of weird things going on with gold and silver right now.

Prices are dropping but demand is so high that backlogged orders are almost three months long (from the places that I've talked to). Last week 1 ounce of silver was trading on the market in the mid 9 dollar range... but I couldn't find a place, online or in person, where you could get it for less than low 16 dollar range.

I've heard some talk of the market being manipulated on purpose due to the panic factor involved if gold and silver prices started to skyrocket. Take that for what you will...

[fascisthunter]

4. sorry man.... I should have thought of that... duh

Thank you though....

Looks risky but I almost think Gold being a precious metal will never go that far down again...