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<p>[QUOTE=&quot;Texas John, post: 1057539, member: 25813&quot;]It all you buy is gold and silver, then yeah, the dollar is &quot;devalued&quot; by the ratios you mentioned.</p><p><br /></p><p>As noted before, a &quot;dollar&quot; isn&#039;t meant to be valued for itself anyway; it&#039;s a notational device, used by people to quickly inform one another how much things are worth.</p><p><br /></p><p>If you insist on conflating dollars from the past with dollars of the present, the one thing you need to do to have a meaningful comparison is to include how much effort is required in each case to get one. Otherwise you&#039;re just presenting half the equation.</p><p><br /></p><p>When dollars were gold, how many hours did a working man toil to earn one? How about when they were silver? Is five dollars a day a top-level industrial wage, like it was when Henry Ford introduced it in 1910? Can you buy a brand new, state-of-the-art automobile for a thousand dollars today, like you could in 1910? Does it take 200 days pay for a person who builds cars for a living to buy one today, like it did in 1910?[/QUOTE]</p><p><br /></p>

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