<<What should the zimbabweans have horded then? Is future needs for 80 years of life even hordeable? Their haircuts went up 2100% - gold didn't go up that much for them did it?>>
shades, gold most certainly did rise much more than 2100% for them ...
oanda.com
2001.01.01 USD 1 = ZWD 55
2006.04.04 USD 1 = ZWD 99,443
kitco.com
2001.01.01 1 oz gold = USD 273 = 15,015
2006.04.04 1 oz gold = USD 586 = 58,273,598
... or, in the language of math = (58,273k / 15k)^0.2 = 5.220, or 4,220+% annual compounded gain, which ought to take care of some haircuts, everyday, day after day, for a whole lot of people employed as bodyguards.
Observation: Gold Is Economic Freedom, and Silver Is Political Liberty
... for the guy / gal with the foresight to hoard gold in Zimbabwe, with the right organization skills, and correct sort of friends, can take over the country and its platinum mine, which I knew at one time Message 18603576
Notice that even after I took my cut per above, Zimplat kept going uk.finance.yahoo.com , and if in local currency terms, given that AUD had risen against the USD in the meantime, the gain is also good, and takes care of hair cuts
2001.01.01 AUD 1/share = USD 0.5599 = ZWD 30.79
2006.04.04 AUD 6/share = USD 0.7166 = ZWD 71,260
Are you taking notes!!!???
Chugs, J |
