Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bvw

The dollar and the pound for two.


114 posted on 12/01/2005 2:00:31 PM PST by justshutupandtakeit (Public Enemy #1, the RATmedia.)
[ Post Reply | Private Reply | To 111 | View Replies ]


To: justshutupandtakeit
Oh? If I bought an ounce of gold in 1970, and took that same purchase price amount in US dollars, keeping those dollars in a regular federally insured savings account -- which would be more money today?

Gold has been exchangeable longer and in more places than the US dollar or British pound. I'm somewhat sure (with some periods of exception, like from when FDR froze the gold window until when Nixon busted it) that gold has been the better or nearly equivalent *store* of value, as dollars or pounds kept in the most reliably quickly-liquid stores.

119 posted on 12/01/2005 2:09:21 PM PST by bvw
[ Post Reply | Private Reply | To 114 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson