Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4163)	6/4/2001 3:12:13 PM
From: pater tenebrarum	Read Replies (1) of 74559

gold's purchasing power has definitely declined a lot less than that of the fiat dollar. hourly wage of 1934? in the middle of the great depression? LOL. besides, the rise in the hourly wage has to be seen in the context of the decline of the dollar's purchasing power - viewing it in isolation doesn't tell you anything. again, gold's true current equilibrium price is unknown - we have to wait for the lending scam to end to be able to discern its true purchasing power. here's an interesting new idea: electronic gold money. note the chart of crude oil (scroll down) vs. dollars and gold: goldmoney.com

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