Twenty-five years ago, gold was $275 an ounce. Recently, it hit $4300 an ounce. Each dollar (to buy gold) is worth less than 1/15th of what it was in the year 2000. Our exports will thus be cheaper.
The price of gold surpassed $4,000 on Tuesday, Oct. 7 for the first time ever as the government entered its seventh day of a partial shutdown. Gold futures were trading at $4,006 around 11 a.m. ET ...