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To: expat_panama
Let's be glad gold's not money. If it were then we'd be dealing with 32% inflation since last Oct

Uh...if gold were money your pile of greenish Federal Reserve Notes would be worth a lot less since last October, but the price of goods in gold would not have changed much at all.

27 posted on 05/13/2013 8:40:40 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves
...if gold were money your pile of greenish Federal Reserve Notes would be worth a lot less since last October, but the price of goods in gold would not have changed...

Gold's not money so we can go anywhere with "what-if's".  What we do know for sure is that most gold sellers are willing now to trade an oz. of gold for the same pile of food, oil, clothing, and housing that last Oct. would have been worth less than 7/8 of an oz.

29 posted on 05/13/2013 10:34:20 AM PDT by expat_panama
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