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News Link • Gold and Silver

The Case For Gold Is Not About Price

• zerohedge.com by Kelsey Williams

Looking at the chart, it would appear that gold is in a long-term bull market and that continually higher prices over time can be expected. Proponents of this approach to gold cite fundamentals such as a weakening U.S. dollar, social unrest, wars (combat and trade), political instability, etc.

And the numbers seem to bear this out. For the forty-year period between August 1971 and August 2011, the price of gold was up forty-four hundred percent.

But are we really making any money? The chart below paints a clearer picture…

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