To: blam
its inflation-adjusted high of around $3,200 an ounce. Gold is not increasing in value. Today, like 250 years ago, one ounce of gold would buy 3000 loaves of bread.
4 posted on
12/29/2012 8:02:50 AM PST by
Oztrich Boy
(I think, therefore I am what I yam, and that's all I yam - Rene "Popeye" Descartes)
To: Oztrich Boy
Correct that, 1000 loaves.
5 posted on
12/29/2012 8:08:03 AM PST by
Oztrich Boy
(I think, therefore I am what I yam, and that's all I yam - Rene "Popeye" Descartes)
To: Oztrich Boy
I don’t get your figuring. At today’s price of around $1650 an ounce, you’re saying that bread is going for around 55 cents a loaf. Where do you buy this bread?
To: Oztrich Boy
The value of $’s and €’s is decreasing. Gold is the standard, the measure of everything else.
By the way, gold mutual funds are a bargin
23 posted on
12/29/2012 1:25:19 PM PST by
bert
((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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