Not sure what the point of 100oz is as compared to 1 oz. Here is a comparison of gold, silver and EUR/GBP/USD accounts (that pay central bank interest). Approximity also has them for other time intervals.
http://gold.approximity.com/since1968/Infl...arison_GBP.html
http://gold.approximity.com/since1999/Infl...arison_GBP.html
Longterm gold:silver as a log-chart (makes sense given that this is the price of gold expressed in silver). Gold is still in its 22.1% most expensive trading days since 1885.
http://gold.approximity.com/since1885/Gold...-Ratio_LOG.html
Longterm gold:silver as a log-chart (makes sense given that this is the price of gold expressed in silver). Gold is still in its 22.1% most expensive trading days since 1885.
http://gold.approximity.com/since1885/Gold...-Ratio_LOG.html
The short of gold guys shouldn't risk a big mouth, otherwise they'll get some on their chins.
[bTW, these are the Bogdanoff/Bogdanov brothers who caused a scandal in theoretical physics (cosmology, to be precise) a few years ago.]
From the chart, this was approx. in July 2004. Here is the corresponding gold chart. GBP 210-220 per ounce?
http://gold.approximity.com/since2004/Gold_GBP.html
House prices were north of GBP 150,000 according to this chart:
http://gold.approximity.com/since2004/UK_House_Prices.html
The chart has been updated. The situation is already worse than I thought. We are almost back to -5% already!
http://gold.approximity.com/since1968/Real..._Base_Rate.html
BTW, this chart contains the same information - only expressed as an RPI-adjusted savings account.
http://gold.approximity.com/since1968/BoE_...PI-adj_LOG.html
Errhm why? At least in the past, the BoE has been very comfortable with real interest rates below MINUS 10%.
http://gold.approximity.com/since1968/Real_BoE_Base_Rate.htm
Why don't you have a look at the Approximity Charts that prove the whole Spiel: they describe what you lose on average over 20 days when you hold gold from London AM to PM. And that while prices increased many 100%.