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To: brityank; Toddsterpatriot
The ‘value’ of Gold hasn’t changed much, the same amount of Gold today will get you a car as it did 100 years ago...

Seriously, we all know that a standard 2009 Ford is a lot more comfortable and reliable than a standard 1909 Ford.  Not only that, today's oz. of gold can buy a lot more food, clothing and shelter than a 1909 oz of gold bought.

Finally, since 1909 we've seen gold's buying power fall by more than half and soar over three fold.   Let's face it, precious metal prices are all over the place.

57 posted on 11/13/2009 10:03:12 AM PST by expat_panama
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To: expat_panama
100 years ago this is the kind of computing power that could be had for just 25 oz. of gold.


61 posted on 11/13/2009 10:49:21 AM PST by expat_panama
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To: expat_panama
Let's face it, precious metal prices are all over the place.

As opposed to paper fiat currencies, which have always been a reliable store of value.


69 posted on 11/13/2009 12:24:13 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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