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<p>[QUOTE="GoldBug999, post: 4941907, member: 78003"]I'm late to this party! </p><p><br /></p><p>Although it's six of one and half a dozen of another, I look at the value of the dollar as decreasing, thus making gold cost more in dollars.</p><p><br /></p><p>Gold and other metals have been used as money for millenia. When money is debased (reduction of gold, silver or copper content in coins), the debased coins are not worth as much as the original coins' face value. </p><p><br /></p><p>With regard to the lack of inflation in many products, I see that there is often a decrease in quality instead of an increase in price. For example: an increase of plastic content in products reducing durability, lower quality metal in hand tools, fasteners, etc., and lower quality of mass-produced food.</p><p><br /></p><p>Anyway - great topic and comments![/QUOTE]</p><p><br /></p>
[QUOTE="GoldBug999, post: 4941907, member: 78003"]I'm late to this party! Although it's six of one and half a dozen of another, I look at the value of the dollar as decreasing, thus making gold cost more in dollars. Gold and other metals have been used as money for millenia. When money is debased (reduction of gold, silver or copper content in coins), the debased coins are not worth as much as the original coins' face value. With regard to the lack of inflation in many products, I see that there is often a decrease in quality instead of an increase in price. For example: an increase of plastic content in products reducing durability, lower quality metal in hand tools, fasteners, etc., and lower quality of mass-produced food. Anyway - great topic and comments![/QUOTE]
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