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<p>[QUOTE=&quot;WingedLiberty, post: 980688, member: 26030&quot;]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">I was curious about this too ... I wasnt sure how to find that out ... However I did find this chart tracking the price of gold since 1800 (might this be a proxy for inflation? not sure about that) <a href="http://www.wisegeek.com/what-is-the-historical-price-of-gold.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.wisegeek.com/what-is-the-historical-price-of-gold.htm" rel="nofollow">http://www.wisegeek.com/what-is-the-historical-price-of-gold.htm</a></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">It&#039;s interesting that it lists the price of gold back in 1800 as $19 an ounce ... and it only rose to $21 an ounce by 1930 ... i guess this shows that as long as the dollar was backed by gold ... as it was until 1929 ... the dollar held its value pretty well</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">The price of gold rose slowly until 1970, when gold rose to $38 an ounce&nbsp; (I think the last 40% silver coins were produced in 1969 ... coincidence?) ... Since 1970 with no backing of the us dollar by either gold or silver,&nbsp; you can see the devaluation of the dollar pretty clearly as it now takes $1,240 to buy an ounce of gold</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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