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peterb.
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February 24, 2009 at 1:39 PM #354333February 24, 2009 at 1:57 PM #353764
Eugene
Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome [/quote]
Or 1/2 of a male slave. Good luck getting those rates today. But it did not buy more than 100 loaves in 2000. And you couldn’t buy anything with gold in 1955, because it was illegal to own.
“The More You Know!”
February 24, 2009 at 1:57 PM #354075Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome [/quote]
Or 1/2 of a male slave. Good luck getting those rates today. But it did not buy more than 100 loaves in 2000. And you couldn’t buy anything with gold in 1955, because it was illegal to own.
“The More You Know!”
February 24, 2009 at 1:57 PM #354207Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome [/quote]
Or 1/2 of a male slave. Good luck getting those rates today. But it did not buy more than 100 loaves in 2000. And you couldn’t buy anything with gold in 1955, because it was illegal to own.
“The More You Know!”
February 24, 2009 at 1:57 PM #354236Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome [/quote]
Or 1/2 of a male slave. Good luck getting those rates today. But it did not buy more than 100 loaves in 2000. And you couldn’t buy anything with gold in 1955, because it was illegal to own.
“The More You Know!”
February 24, 2009 at 1:57 PM #354343Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome [/quote]
Or 1/2 of a male slave. Good luck getting those rates today. But it did not buy more than 100 loaves in 2000. And you couldn’t buy anything with gold in 1955, because it was illegal to own.
“The More You Know!”
February 24, 2009 at 2:03 PM #353774Nor-LA-SD-guy
Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome
and 35o loaves today.
gold is not some post war invention.
gold is where people go when tshtf.
when/if the djia is 1,500, gold will definitely be more than 1500 an oz.
just industrial and jewelry? you can go take 15 pounds of gold and start up again anywher ein the world, regardles of what the dollar’s worth. it’s called real money. [/quote]
Hmm how about diamonds or copper, for that matter coal or steel ???
Just saying..
February 24, 2009 at 2:03 PM #354085Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome
and 35o loaves today.
gold is not some post war invention.
gold is where people go when tshtf.
when/if the djia is 1,500, gold will definitely be more than 1500 an oz.
just industrial and jewelry? you can go take 15 pounds of gold and start up again anywher ein the world, regardles of what the dollar’s worth. it’s called real money. [/quote]
Hmm how about diamonds or copper, for that matter coal or steel ???
Just saying..
February 24, 2009 at 2:03 PM #354217Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome
and 35o loaves today.
gold is not some post war invention.
gold is where people go when tshtf.
when/if the djia is 1,500, gold will definitely be more than 1500 an oz.
just industrial and jewelry? you can go take 15 pounds of gold and start up again anywher ein the world, regardles of what the dollar’s worth. it’s called real money. [/quote]
Hmm how about diamonds or copper, for that matter coal or steel ???
Just saying..
February 24, 2009 at 2:03 PM #354246Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome
and 35o loaves today.
gold is not some post war invention.
gold is where people go when tshtf.
when/if the djia is 1,500, gold will definitely be more than 1500 an oz.
just industrial and jewelry? you can go take 15 pounds of gold and start up again anywher ein the world, regardles of what the dollar’s worth. it’s called real money. [/quote]
Hmm how about diamonds or copper, for that matter coal or steel ???
Just saying..
February 24, 2009 at 2:03 PM #354353Participant[quote=scaredycat]1 oz gold bought you 350 loaves of bread in ancient rome
and 35o loaves today.
gold is not some post war invention.
gold is where people go when tshtf.
when/if the djia is 1,500, gold will definitely be more than 1500 an oz.
just industrial and jewelry? you can go take 15 pounds of gold and start up again anywher ein the world, regardles of what the dollar’s worth. it’s called real money. [/quote]
Hmm how about diamonds or copper, for that matter coal or steel ???
Just saying..
February 24, 2009 at 2:08 PM #353779scaredyclassic
Participantgold you can carry in a backpack on your dirtbike as you flee the conflagration and riots. Coal, no so much. Diamonds are not clearly valued. Copper, too heavy.
gold was illegal in the USA 1955, but americans had lots of it stashed away. and you could buy things with it. always. as long as man is on the planet.
pretty good track record as a store of value. sure it varies, like anything, but it will never ever ever go to zero. and in general, 1 oz will buy a few hundred loaves of bread.
February 24, 2009 at 2:08 PM #354090Participantgold you can carry in a backpack on your dirtbike as you flee the conflagration and riots. Coal, no so much. Diamonds are not clearly valued. Copper, too heavy.
gold was illegal in the USA 1955, but americans had lots of it stashed away. and you could buy things with it. always. as long as man is on the planet.
pretty good track record as a store of value. sure it varies, like anything, but it will never ever ever go to zero. and in general, 1 oz will buy a few hundred loaves of bread.
February 24, 2009 at 2:08 PM #354222Participantgold you can carry in a backpack on your dirtbike as you flee the conflagration and riots. Coal, no so much. Diamonds are not clearly valued. Copper, too heavy.
gold was illegal in the USA 1955, but americans had lots of it stashed away. and you could buy things with it. always. as long as man is on the planet.
pretty good track record as a store of value. sure it varies, like anything, but it will never ever ever go to zero. and in general, 1 oz will buy a few hundred loaves of bread.
February 24, 2009 at 2:08 PM #354251Participantgold you can carry in a backpack on your dirtbike as you flee the conflagration and riots. Coal, no so much. Diamonds are not clearly valued. Copper, too heavy.
gold was illegal in the USA 1955, but americans had lots of it stashed away. and you could buy things with it. always. as long as man is on the planet.
pretty good track record as a store of value. sure it varies, like anything, but it will never ever ever go to zero. and in general, 1 oz will buy a few hundred loaves of bread.
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