Gold Prices Surge to Record Highs ($1,271.70 an ounce -- a record closing high)

The Street on yahoo finance ^ | 9/14/10 | Alix Steel, Andrea Tse

[a real Sheila]

Will do!

:-)

[a real Sheila]

what about Silver?

[Partisan Gunslinger]

When the other guy adjusts his comment for inflation, which he did by referring to "inflation adjusted... prices," then if you claim that this means something about the ravages of inflation, you come off sounding like an idiot. So next time, don't do that. Don't base your claim about inflation on inflation-adjusted prices.

Everyone knows how bad it was under Carter. The fact that under more normal conditions our currency is still losing enough value to reach the Carter levels compared to gold is pretty good proof of how crappy fiat money systems are. Under Carter the Fed was stealing 12% per year from us, under more competent presidents (Reagan, Bush, Bush) they still steal 3% per year from us.