Is this math right ?? Buy 1 oz. gold in
....you get $662 an ounce.
----------------------------------------------
Your math is correct but the variable is global inflation...Gold is a world commodity, which is why some analysts predict 2,000/ounce.
----------------------------------------------
$2000 sounds too pumpy. World inflation measured simultaneously currency to currency is the best indicator, and the dollar is near the middle of the range of, say the yen or the euro.
No, I run the currency paper numbers against each other, and I get $662 just for parity, and actually give the liquidity or pumping index of about 33% for a pop to $850 just for parity.