(Closed) gold at a 30 year low?

posted 5 years ago in Rings
Post # 3
Member
46603 posts
Honey Beekeeper
  • Wedding: November 1999

@BeeG35:  Gold fell 9.5% today to $1361 per ounce.

The biggest two day drop-precentage wise- was in 1983 which is 30 years ago. This is probably what she is referring to. But the price od gold was waaaaaaaaaaaaaay less in 1983.

 

The all time high was $1888.40 in August of 2011.

Post # 6
Member
303 posts
Helper bee
  • Wedding: December 2014

@BeeG35:  Not really. It can’t always mean that. The stock already in the stores was purchased at the higher rate (theoretically) so it takes a long sustained drop before it trickles down to the consumer – and only then if they aren’t overly greedy.

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