Professional Documents
Culture Documents
u u u
22
c
u u u
__
c
u u u
c
1. L
2. They track the gold price in US$ per
ounce and the monthly US Consumer
Price Index, which is a gauge for inflation
3. The first chart goes from 1974 until 1980
which was a bull market for gold
4. The second chart shows the 21-year bear
market from 1980 to 2001
5. On the last chart, the current bull market
is seen, which stated in 2001
u u u
ÄÄ
c
u u u
c
1. F1B
2. 1974 until January 1980, gold went up
from US$ 129 (monthly averages) to US$
675 per ounce at the end of the period
3. This is an increase of 353%
4. During the same time, the consumer price
index, a measure of inflation increased by
67%
5. Here, gold strongly outpaces the inflation
development
u u u
ww
c
u u u
§§
c
D F2B
D ãetween 1980 and April 2001, gold went
down from US$ 675 to US$ 260 per
ounce, which is a decrease of 67%
D In contrast, the consumer price index
increased during the same period by
around 126%
u u u
ëë
c
u u u
1010
c
1. F_B
2. From 2001 to February 2011, the gold
rate experienced huge gains of 527 per
cent
3. The overall inflation rate was only 25 per
cent
u u u
1111
c
u u u
1212
c
u u u
1_1_
c
u u u
11
c
u u u
1Ä1Ä
c
c
u u u
1w1w
c
u u u
1§1§
å
`
u u u