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<p>[QUOTE=&quot;Cloudsweeper99, post: 706498, member: 3011&quot;]coleguy, the part you are missing is that while wages and prices tend to keep pace with each other as inflation continues, the same cannot be said of savings.&nbsp; If someone spends all that they make, inflation is a virtual non-issue unless they are on a fixed income.&nbsp; But for someone who wishes to save money, they have to earn an after tax return equal to the inflation rate just to stay even.&nbsp; Over the decades, this hasn&#039;t been easy and requires you to purchase some sort of asset such as stocks or gold or real estate to maintain the purchasing power of your savings.&nbsp; If there was no inflation, a dollar saved would maintain its purchasing power until the time you needed to spend it.&nbsp; And, no, currencies never catch up again.&nbsp; Inflation is a one way street.&nbsp; Gold used to be $22 per ounce and silver $1.29, but no matter how long you wait, those prices won&#039;t return.&nbsp; And 50 years from now people will talk about the good old days when gold &quot;only&quot; cost $1000 per ounce.</p><p><br /></p><p>That&#039;s just the way it is, but as Keynes said, not one man in a million will figure it out.&nbsp; That&#039;s why fiat currencies are tolerated.[/QUOTE]</p><p><br /></p>

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