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To: h20skier66

$1.00 in 2009 had about the same buying power as $0.08 in 1930.

Annual inflation over this period was about 3.22%.

Calculator..... http://www.dollartimes.com/calculators/inflation.htm


4 posted on 10/16/2009 8:00:38 AM PDT by Responsibility2nd (I am Legend)
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To: Responsibility2nd

bump


11 posted on 10/16/2009 8:09:42 AM PDT by pgkdan ( I miss Ronald Reagan!)
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To: Responsibility2nd; All

Pretty interesting article about gold though.

At the same time, the article is deceitful when it acts like gold is perfect. If you owned it in 1979, your purchasing power would have declined significantly with that same gold today.

Just like the dollar.

I must say though, the chart on the excessive dollar printing is shocking and scary.


16 posted on 10/16/2009 8:20:07 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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