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Purchasing power of coins when they were minted? ( what was the )
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<p>[QUOTE="GDJMSP, post: 1673133, member: 112"]What people often fail to realize is that inflation has been with us since the dawn of time. At any period in history it was not uncommon for basic goods and service to wildly fluctuate in price. And often in a very short time. In other words, it was no different back then than it is today.</p><p><br /></p><p>Take a bushel of corn for example. In today's world over the course of just a year the price of corn might double, triple, even quintuple. Or it might drop by just as much. The same thing happened a century, 2 centuries, 10 centuries ago. Nothing has changed, it all remains the same.</p><p><br /></p><p>And the same happened with the value of gold & silver, it went up and down depending on what was going on in the world at the time. The prices for precious metals never remained stable, they were constantly changing. Just like they do today. And that includes their value ratio to each other - always changing.</p><p><br /></p><p>There are many, many, university studies done on how the prices for goods and services changed at any point in history. And many more on the value of gold & silver and their value ratio to each other. All you have to do is seek it out, the information is out there.</p><p><br /></p><p>But if you do seek it out what you will find is this - the more things change, the more they remain the same.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1673133, member: 112"]What people often fail to realize is that inflation has been with us since the dawn of time. At any period in history it was not uncommon for basic goods and service to wildly fluctuate in price. And often in a very short time. In other words, it was no different back then than it is today. Take a bushel of corn for example. In today's world over the course of just a year the price of corn might double, triple, even quintuple. Or it might drop by just as much. The same thing happened a century, 2 centuries, 10 centuries ago. Nothing has changed, it all remains the same. And the same happened with the value of gold & silver, it went up and down depending on what was going on in the world at the time. The prices for precious metals never remained stable, they were constantly changing. Just like they do today. And that includes their value ratio to each other - always changing. There are many, many, university studies done on how the prices for goods and services changed at any point in history. And many more on the value of gold & silver and their value ratio to each other. All you have to do is seek it out, the information is out there. But if you do seek it out what you will find is this - the more things change, the more they remain the same.[/QUOTE]
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Purchasing power of coins when they were minted? ( what was the )
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