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To: Toddsterpatriot
gold has kept the same value for the last 40 years

That's exactly the point. Gold maintains its purchasing power over time. Fiat currencies do not.

157 posted on 01/17/2006 5:35:35 PM PST by Mulder (“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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To: Mulder
That's exactly the point. Gold maintains its purchasing power over time.

Did you forget my post?
If you buy anything else, let's say a house, then gold isn't as good. In 1980 the median house was about $71,000 (about 90 ounces of gold) in 2005 the median house was about $253,000 (about 500 ounces of gold)

Gold hasn't maintained its purchasing power since 1980.

Fiat currencies do not.

If you can find where I said they did, you can slap me like I slapped lurker.

158 posted on 01/17/2006 6:02:00 PM PST by Toddsterpatriot (Stop associating with Commies and we'll stop mentioning that you associate with Commies.)
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