To: mugs99
Yes. The purchasing power of gold remains the same.That's funny. How much did a $900 ounce of gold buy in 1980? How much does a $500 ounce of gold buy today? The same amount?
109 posted on
12/08/2005 11:07:26 AM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: Toddsterpatriot
That's funny. How much did a $900 ounce of gold buy in 1980? How much does a $500 ounce of gold buy today? The same amount?
The same as it did in 1980. If you want to use the 1980 spike you need to factor in the daily spot price. Gold must be averaged. The post Carter inflation of those days is just another example why gold is good insurance.
.
113 posted on
12/08/2005 11:15:42 AM PST by
mugs99
(Don't take life too seriously, you won't get out alive.)
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