Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (29424)	3/4/2003 12:41:34 PM
From: Ilaine	Read Replies (4) of 74559

Hi Mq - read this on Free Republic and thought of you: >>To: governsleastgovernsbest Someone posted this "fact" in another gold thread: During the days of the Roman Empire, an ounce of gold would buy you a new suit of clothes. 2000 years later, an ounce of gold will also buy you a new suit of clothes. No paper currency has demonstrated that consistency over even a century, much less 2000 years. Nick Danger's brillant reply: Let's take Marcus here, who spent his 2,000 years moving his money around from one investment to another, but always measured in some currency. He started with the same amount you did, but he managed to average a 2% rate of return over the period. You have enough for new suit. Marcus has $55,515,156,466,130,000,000. 4 posted on 03/04/2003 12:38 PM EST by AmericaUnited<< freerepublic.com

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