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Thread: Gold prices

  1. #1
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    Default Gold prices

    I was flipping through some ziplock bags looking for a small 14K jump ring this morning. The spot gold price on the label was from 1994... $395.00!

    I remember when I thought that was high.
    "Doc" - Neal L. Martin

    NRA Patron Life Member
    "Never start vast projects with half-vast ideas." - - "Itís Never Too Late To Be What You Might Have Been"

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  3. #2
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    I bought some gold when it was $257.00 an ounce.

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  5. #3
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    I remember when there was no spot price and gold was fixed at $16 an ounce.

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    Quote Originally Posted by DakotaDocMartin View Post
    I was flipping through some ziplock bags looking for a small 14K jump ring this morning. The spot gold price on the label was from 1994... $395.00!

    I remember when I thought that was high.
    so: you now have an 85 dollar jump ring ??

  7. #5
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    Quote Originally Posted by DKanger View Post
    I remember when there was no spot price and gold was fixed at $16 an ounce.
    I remember when gold was fixed at $35/ounce. My high school class ring was purchased during that time.
    "Doc" - Neal L. Martin

    NRA Patron Life Member
    "Never start vast projects with half-vast ideas." - - "Itís Never Too Late To Be What You Might Have Been"

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  9. #6
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    I think this really shows how far the value of the dollar has fallen.

  10. #7
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    Yep and gas was 10 cents a gallon and a beer was 25 cents!

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    Somewhere I read where the price of a Colt SAA was originally the price of a $20 gold coin (one ounce) and seemed to pretty much stay that way through the ages. I know this was true in the 1960s, 80s and 2000s anyhow. of course it goes up and down but was pretty close.

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    Quote Originally Posted by fegarex View Post
    Somewhere I read where the price of a Colt SAA was originally the price of a $20 gold coin (one ounce) and seemed to pretty much stay that way through the ages. I know this was true in the 1960s, 80s and 2000s anyhow. of course it goes up and down but was pretty close.
    I've heard the same thing, Rex. Right now the spot price of gold is $1,316 and the MSRP of a new Colt SAA $1,800. but they can be had for about $1,500. so it is pretty close.
    C. Roger Bleile
    Author of American Engravers series of books.
    http://www.engravingglossary.com/
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    NRA Benefactor Life Member


    "Nulla dies sine linea." Pliny

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  15. #10
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    when I was in my 20s gold was $35.00 an ounce. That is the lowest I can remember it in my lifetime. Gas in Texas was 17cents a gallon and cigarettes were 25 cents a pack. I bought my first shotgun for $12.00. It was a double barrel 12ga. Hopkins Allen.

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