[BeHoldAPaleHorse]

"Yes. The purchasing power of gold remains the same. One ounce of gold will buy you a good suit no matter the spot price of gold."

I once believed that, until I saw someone try to buy a suit with an ounce of gold. The store owner threw him out.

"But those with gold will be living better than those without. After the crash of '29, many had to trade their cars for food. Those with gold drove the finest automobiles."

The folks who drove the finest automobiles after the crash were the same folks who drove them before the crash.

[mugs99]

I once believed that, until I saw someone try to buy a suit with an ounce of gold. The store owner threw him out

That store owner was a fool. I have never had a problem spending gold. It has been my experience that people will give you a better deal for gold.
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