Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (29604)	5/8/2005 4:07:47 PM
From: redfrecknj	Read Replies (1) of 116555

Gold over time will maintain its purchasing power. In fact its purchasing power basically hasn’t change. The old story goes….many years ago in ancient Rome, one ounce of gold could buy a man a well-tailored toga, a belt, and a nice pair of sandals. Today, over two thousand years later, one ounce of gold could buy a man a well-tailored suit, a belt, and a nice pair of dress shoes. Greenspan tells us inflation is in check. Is it possible it’s so in check that it doesn’t exist? Is it possible deflation will creep in and therefore gold is due to get crushed?

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