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.

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

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

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.

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

gwatts wrote:
Cecil Moore wrote:
I didn't say per year.

No, you didn't say 'per' anything.

If no time is specified, it is the change between then
(T0) and now (T1). At T0, when I was born, gold was worth
$27 an ounce. As of today, T1, I haven' died yet and gold
is worth $880 an ounce. According to my TI-34 that's
3259.25925925925925925925925925925 percent.
--
73, Cecil http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein

Cecil Moore wrote:
gwatts wrote:
Cecil Moore wrote:
I didn't say per year.

No, you didn't say 'per' anything.

If no time is specified, it is the change between then
(T0) and now (T1).

Not if the term in question has a widely accepted definition within the
field of its common use, in this case economics and banking, where the
widely agreed time period for specifying 'inflation' in percent is one year.

Cecil Moore wrote:
...when I was born, gold was worth
$27 an ounce. As of today, T1, I haven' died yet and gold
is worth $880 an ounce. According to my TI-34 that's
3259.25925925925925925925925925925 percent.

You should read up on significant digits instead of manufacturing false
precision.

On Sep 27, 12:56*pm, Cecil Moore wrote:
gwatts wrote:
Cecil Moore wrote:
I didn't say per year.

No, you didn't say 'per' anything.

If no time is specified, it is the change between then
(T0) and now (T1). At T0, when I was born, gold was worth
$27 an ounce. As of today, T1, I haven' died yet and gold
is worth $880 an ounce. According to my TI-34 that's
3259.25925925925925925925925925925 percent.
--
73, Cecil *http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein

I don't believe that to b e strictly true. When we were on the gold
standard it was kept pretty level.
When we went off the gold standard gold shot up over night but I do
not believe the price of gold
has shot shot up a lot since then. I suspect copper was a better deal
at least up to a few days ago

Art Unwin wrote:
When we went off the gold standard gold shot up over night but I do
not believe the price of gold has shot shot up a lot since then.

Here's a chart of gold prices since 1975.

http://www.kitco.com/scripts/hist_ch...rly_graphs.plx

Seems to me it "shot up" from '76-'79 and '05-'08. I rolled
my IRA over into gold because of the Y2K scare. :-)
--
73, Cecil http://www.w5dxp.com
"According to the general theory of relativity,
space without ether is unthinkable." Albert Einstein