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Is gold a good investment? Turn to page eight and your instructors will explain the two graphs. The first graph represents the buying value of gold as it changed from 1920 to 1981. We thought you’d remember the title better if you wrote it in yourself. It is: Retained Purchasing Power of Gold. This represented the actual price of gold adjusted for the United States retail price index, a more accurate measure of its worth. It is true that for much of this century gold prices were arbitrarily controlled by our government. This ended in two steps. In 1971 the government announced it would no longer redeem the balance of trade payments in gold.
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