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<p>[QUOTE="medoraman, post: 1431836, member: 26302"]First, yeah duh it went from $20 to $1600, so what? That is over a 100 year time span? A US Treasury would have done about the same if you reinvested interest. Stocks performed better than that. You are taking two different things, (dollars in different time frames), and comparing them to each other. In an inflationary monetary system a dollar bill is not supposed to be your store of value, it should be invested in something.</p><p><br /></p><p>Regarding gold being priced at $128,000, yeah if we keep the same currency it will be. Bread will also go from $.05 to $3 today, and probably $240 someday. Your wages will also increase, so what the heck is the difference? </p><p><br /></p><p>Yes, if someone wants to put a $100 bill in their wallet and be able to buy the same goods for that $100 forever, they are in trouble. However, I do not see gold any more expensive versus wages today than it was when the Fed began. Prices of something mean nothing if not adjusted to either current dollars, or to relative wage earning of the same period. Its just like people drolling over being able to buy a coin priced today at $1000 100 years ago for $4. Well, there is a darn good chance that $4 back then was just as hard to come by as $1000 today, so that coin really was not any cheaper.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1431836, member: 26302"]First, yeah duh it went from $20 to $1600, so what? That is over a 100 year time span? A US Treasury would have done about the same if you reinvested interest. Stocks performed better than that. You are taking two different things, (dollars in different time frames), and comparing them to each other. In an inflationary monetary system a dollar bill is not supposed to be your store of value, it should be invested in something. Regarding gold being priced at $128,000, yeah if we keep the same currency it will be. Bread will also go from $.05 to $3 today, and probably $240 someday. Your wages will also increase, so what the heck is the difference? Yes, if someone wants to put a $100 bill in their wallet and be able to buy the same goods for that $100 forever, they are in trouble. However, I do not see gold any more expensive versus wages today than it was when the Fed began. Prices of something mean nothing if not adjusted to either current dollars, or to relative wage earning of the same period. Its just like people drolling over being able to buy a coin priced today at $1000 100 years ago for $4. Well, there is a darn good chance that $4 back then was just as hard to come by as $1000 today, so that coin really was not any cheaper.[/QUOTE]
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