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<p>[QUOTE=&quot;Vess1, post: 706586, member: 13650&quot;]I think this is where a lot of people get confused.&nbsp;&nbsp; The currency doesn&#039;t necessarily keep up throughout history.&nbsp; It may seem like it does but it&#039;s not.</p><p>&nbsp;</p><p>&nbsp; Knowing what you know now, if you could go back 10 years, would you stick $250 in a savings account like the banks wanted you to do or would you buy an ounce of gold?&nbsp; &nbsp; It&#039;s the same $250 cash we use today!</p><p>&nbsp;</p><p>&nbsp; Next question.&nbsp;&nbsp; Was it easier for you, or for most people, to purchase an ounce of gold in 2001 for $250 at your pay then?</p><p>&nbsp;</p><p>&nbsp; Is it just as easy (or easier) for the average guy to buy an ounce of gold at $1,054 today at their 2009 salary?&nbsp; Has anyone&#039;s income increase that much?&nbsp; &nbsp; That&#039;s why people purchased it.</p><p>&nbsp;</p><p>&nbsp;&nbsp; Some may say the last 8 years have been an anomaly over the long history of it and it performed poorly for a long time.&nbsp; Ok.&nbsp; Fine.&nbsp; But this is what a lot of people predicted would happen eventually and now it seems like there&#039;s a lot of people who are sour over it because they didn&#039;t get in at the right time themselves.</p><p>&nbsp;</p><p>&nbsp;&nbsp; The problem I see with FRNs is that things happen over time that destroys the buying power.&nbsp; Now I know a lot of people feel that this will forever be but &quot;just a little nuisance&quot; as everyone&#039;s wages and income surely keep up with the destruction.&nbsp; &nbsp; They feel that way because it&#039;s &#039;somewhat&#039; been that way over the course of (only) their lifetimes so that it must be.&nbsp; So it must surely remain that way forever.&nbsp;&nbsp; </p><p>&nbsp;</p><p>&nbsp;&nbsp;&nbsp; Yeah right.&nbsp;&nbsp; Some will keep up. Some won&#039;t.&nbsp; Do you expect that to get better as time goes on or worse?&nbsp;&nbsp; I don&#039;t believe wages really keep up with the cost of everything like people think.&nbsp; Not by a long shot.[/QUOTE]</p><p><br /></p>

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