Monday August 22 at 1 AM. Gold hit $1900. I sold most of my gold and silver coins on 6/15, when gold was at $1550. Oh well.

Monday August 22 at 1 AM. Gold hit $1900. I sold most of my gold and silver coins on 6/15, when gold was at $1550. Oh well. They paid me $775 for a half ounce of gold and 22x face value for my silver coins. I got $4400. I would do it over again the same. I made good money. Of course, you can't really guess the market (the future! haha) even though that's what we try to do. In order to know what's going on with gold, we have to put it in terms of constant dollars, discounting for inflation. Without that the price means nothing. It seems strange to me, the news reports the same thing every day, "Gold hit a new high, ... gold did this, gold did that." And it means nothing, because we are comparing apples with oranges. When Andrew Carnegie retired as the wealthiest person on earth, he was worth $300 million. Rockefeller was worth about $250 million when he retired at age of 65. The problem for him was he lived to be 95 and made more money after he “stopped working” than he had when he was working, poor guy. So is gold worth more now than it was worth 50 or 100 or 200 or 2000 years ago? Probably not, but who knows? I’ll bet it hasn’t changed in value for 6000 years! Haha! But if I can figure it out, I'll let you know.