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Richard Clark wrote:
On Fri, 26 Sep 2008 15:52:20 -0500, (Richard Harrison) wrote: Careful. Remember "Nobody doesn`t like Sara Lee!" Paired up with a 110 year old Pillsbury Dough Boy without any yeast? That won't raise any bread on Wall Street.... ;-( 73's Richard Clark, KB7QHC Remember when a 1 oz. gold piece, worth about $20 bucks during the gold rush, would buy a nice suit? Guess, what? That same 1 oz. of gold would still buy a nice suit today! -- Does that tell you anything? grin I mean, ever hear of the term, "Being hit over the head with a frying pan?" ROFLOL Regards, JS |
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John Smith wrote:
Remember when a 1 oz. gold piece, worth about $20 bucks during the gold rush, would buy a nice suit? Guess, what? That same 1 oz. of gold would still buy a nice suit today! -- Does that tell you anything? grin 4500% inflation? -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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Cecil Moore wrote:
... 4500% inflation? That, and you have to ask yourself the question, "What am I doing with these dollars stuck in a bank, while they start up the presses to print a trillion(s) worthless bucks? How much value will the dollar lose?; And, will I be able to fit enough dollars in a wheelbarrow to buy a suit? :-( Regards, JS |
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Cecil Moore wrote:
John Smith wrote: Remember when a 1 oz. gold piece, worth about $20 bucks during the gold rush, would buy a nice suit? Guess, what? That same 1 oz. of gold would still buy a nice suit today! -- Does that tell you anything? grin 4500% inflation? No, about 5.5 percent. Gold hasn't been at $20/oz since the mid 1930's. |
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gwatts wrote:
Cecil Moore wrote: 4500% inflation? No, about 5.5 percent. Gold hasn't been at $20/oz since the mid 1930's. I didn't say per year. 4500% inflation is what has happened to this country during my lifetime. Bush 43 is one of the worst offenders and "we ain't seen nothing yet". -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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John Smith wrote:
How much value will the dollar lose? I suspect if they were all still in silver certificates, you might not be in all that bad of shape. -- 73, Cecil http://www.w5dxp.com "According to the general theory of relativity, space without ether is unthinkable." Albert Einstein |
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Cecil Moore wrote:
gwatts wrote: ... No, about 5.5 percent. Gold hasn't been at $20/oz since the mid 1930's. I didn't say per year. 4500% inflation is what has happened to this country during my lifetime. Bush 43 is one of the worst offenders and "we ain't seen nothing yet". Or, to summarize: Evil forebodes what these ill winds blow? Regards, JS |
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Cecil Moore wrote:
gwatts wrote: Cecil Moore wrote: 4500% inflation? No, about 5.5 percent. Gold hasn't been at $20/oz since the mid 1930's. I didn't say per year. No, you didn't say 'per' anything. The word 'Inflation,' without any qualifiers, implies 'per year.' Per your lifetime is an ambiguous reference and more so since apparently you're not dead yet. |
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gwatts wrote:
Cecil Moore wrote: gwatts wrote: ... No, about 5.5 percent. Gold hasn't been at $20/oz since the mid 1930's. I didn't say per year. No, you didn't say 'per' anything. The word 'Inflation,' without any qualifiers, implies 'per year.' Per your lifetime is an ambiguous reference and more so since apparently you're not dead yet. So, someone missed the implied meaning? How about, "Accumulated inflation over the intervening years?" Regards, JS |
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