On 10/11/2010 6:17 AM, RHF wrote:
...
The one OZ. of gold will still buy you $20 bucks worth of goods. What
is so hard to understand about that?
Now, it will take you a LOT of dollars to still buy that $20 OZ. slug of
gold, it will take you a LOT of dollars to buy you $20 worth of food,
rent, clothing, etc. ... but the truth is, it is the dollar which has
changed in value, NOT the gold ... the gold maintained its' value ...
the paper promises have not.
An OZ. of gold with still buy you that nice suit it did in 1849 ...
Regards,
JS