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NO POLITICS PLEASE!! - Question On Gold Values
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<p>[QUOTE="atcarroll, post: 4859308, member: 77294"]Gold hasn't risen that much in value, it's risen in price. It takes more dollars to buy an ounce of gold than it did twenty, thirty, or forty years ago, but it also takes more dollars to buy everything else. The real value of our money isn't some number, it's what we can purchase with it. How much has the value of an ounce of gold changed in the past 100 years relative to the goods and services you can trade it for, regardless of the dollar amount it represents?[/QUOTE]</p><p><br /></p>
[QUOTE="atcarroll, post: 4859308, member: 77294"]Gold hasn't risen that much in value, it's risen in price. It takes more dollars to buy an ounce of gold than it did twenty, thirty, or forty years ago, but it also takes more dollars to buy everything else. The real value of our money isn't some number, it's what we can purchase with it. How much has the value of an ounce of gold changed in the past 100 years relative to the goods and services you can trade it for, regardless of the dollar amount it represents?[/QUOTE]
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