Thread: Gold
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Harold & Susan Vordos Harold & Susan Vordos is offline
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"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?


????

That didn't happen.


Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus


How so?
While there has been, and will be, variations, it has always been said that
a man can buy a nice suit with an ounce of gold.

Still can.

Suppose you had 100 ounces of gold that you'd held since 1990. Suppose you
had put the same amount of money in a CD at the same point in time.
According to buying power, which one do you suppose would be the better
choice, today?

Go one step further and apply that to the purchase of a house at market
price in '90, and an equal investment in gold at the same period in time.
Which do you suppose would be the better deal today?

Gold shines in times like these. However those that haven't had the wisdom
to see the possiblity tend to denegrate the idea, as well as those that had
the good fortune to see what was coming, dismissing gold, as you're doing.

Funny, really. Really, really funny.

Harold