Posted on 11/10/2010 11:29:31 AM PST by GilGil
You know, people always use that horse and also the “buggy whip” analogy, and they’re not very valid considering there are more horses here now than in the 1890’s and an equivalent # of whips...
That notwithstanding, the primary disconnect in the long term ratio, aside from industrial usage of silver, was the onset of central banking and unbacked currency issuance, and you can see how well that’s treated us so far...
I remember a story about a Jewish lady who kept pawning one of her gold earrings to get the other one out. The money she made off the difference paid all her bills.
There’s so much you can do with Gold if you have enough to get an appreciable amount in the first place.
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