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Subject:  Re: GLD Does is own gold or futures? Date:  6/12/2009  6:23 PM
Author:  clearbranch Number:  18 of 20

Actually gold isn't what it looks like on the surface.
When they debased gold in the 70's it jumped to $300.00/ounce (it's real value then) Since then it has only tripled in values vs. the larger increase in "value" from 30,000 to 1.5 million or 50X cost. With inflation gold probably isn't worth a dime more than you would have paid for it in 1975.

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