Three years ago, at this time gold hit 2k/oz.

[safeinOhio]

At that time all the right wing pundits were pushing gold coins on their teevee and radio shows. Pushing the price up on fear of inflation and this President.

Today gold stands at $1,145, almost half. Inflation is still almost at zero.

Lets remind them.

[JustAnotherGen]

1. We did in NJ last night

Booker's opponent was running on returning to the gold standard.

[FBaggins]

2. It never hit $2,000

And let's not forget that there are lots and lots of gold bugs on the left (including a large number of them here on DU).

[safeinOhio]

3. It did hit $1,921 in August 2011

and in 1980 dollars, that would equal 10K. I have a small amount in a gold index that I bought when gold was $750/oz. Then there are the Ron Pauls that put most of their money in gold.

Some people go to the casino and take $50 with them and quit when they lose it.

[FBaggins]

4. You've got your inflation calculation backwards

$1,921 (which, it should be noted is not $2k and it was only there for the briefest of times), in 2011 dollars is the equivalent of about $700 in 1980 dollars... nor $10k.

Then there are the Ron Pauls that put most of their money in gold.

We also had a number of regulars in the economy forums that were also big proponents of gold.