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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="Gam3rBlake, post: 5724602, member: 115909"]There are two problems with common stocks that prevent it from being a good hedge against inflation:</p><p><br /></p><p>1). The value of common stocks is measured in dollars. If the value of the dollar crashes so does the value of one’s stocks.</p><p><br /></p><p>2). Unlike gold which can be put in the back of one’s safe or buried and forgotten about, stocks carry risk. Many companies that someone might have invested in 50 years ago are no longer in business.</p><p><br /></p><p>Gold isn’t meant to be a capital growth investment like stocks. It’s meant to be a wealth preservation technique to preserve purchasing power.</p><p><br /></p><p>BullionNow did a great video explaining what I’m trying to say if you’re interested.</p><p><br /></p><p>Here is the link:</p><p><br /></p><p>[MEDIA=youtube]E6U9e3KGHcE[/MEDIA][/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 5724602, member: 115909"]There are two problems with common stocks that prevent it from being a good hedge against inflation: 1). The value of common stocks is measured in dollars. If the value of the dollar crashes so does the value of one’s stocks. 2). Unlike gold which can be put in the back of one’s safe or buried and forgotten about, stocks carry risk. Many companies that someone might have invested in 50 years ago are no longer in business. Gold isn’t meant to be a capital growth investment like stocks. It’s meant to be a wealth preservation technique to preserve purchasing power. BullionNow did a great video explaining what I’m trying to say if you’re interested. Here is the link: [MEDIA=youtube]E6U9e3KGHcE[/MEDIA][/QUOTE]
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How much was a gold $20 Double Eagle worth in the late 1800s?
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