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<p>[QUOTE=&quot;kaparthy, post: 747509, member: 57463&quot;]<b>Standard of Value</b></p><p><br /></p><p><br /></p><p><br /></p><p>Starting from the last point -- a silver US quarter would probably buy ONE DOZEN EGGS in Zimbabwe as it would here, but here that would be like $2.50 or $3.00 a dozen and there it is a Gazillion dollars.&nbsp; The standard of value (silver, gold) does not change.&nbsp; What cost a silver quarter when I was a kid (like gasoline for 24.9cents per gallon) still costs a silver quarter, but we call it $2.59 per gallon as the dollar has lost 90% of its value in the last 40 years.</p><p><br /></p><p>I have been at this for over 40 years, actually, and even did some professional research on the subject.&nbsp; Pretty much the Gold Guys (also the silver guys and for that matter the tungsten and lanthanam crowds) all have a pretty good idea how much gold is on Earth, including what can be extracted from sea water.&nbsp; Yes, there will be a strike, but that is known and predicted.&nbsp; So, the total stock of gold (silver) is fixed.&nbsp; There will never be more.&nbsp; But there is no limit to the number of zeroes you can put on a paper promissory note.</p><p><br /></p><p>I was born in 1949.&nbsp; When I was 10 years old, 50 years ago, these below cost five cents each.&nbsp; <b>What does a nickel buy today? </b> The inflation we have had is like boiling a frog: you put him in cold water and raise the heat slowly.[/QUOTE]</p><p><br /></p>

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