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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (2108)7/31/2006 12:04:09 AM
From: roguedolphin  Read Replies (1) of 50181
 
Slider...Just read the latest tome. The one thing that REALLY,REALLY jumped out at me as being extremely questionable was this....

****"Now adjust that for the 116.79% inflation that occurred over the 23 years from 1976 to 1999 and what’s was the fair value of Gold in 1999 ?"******

Wow! I do recall my mom and dad buying a house in 1975 for $26,000 in a very average 30 year old nieghborhood. That same house was sold in 1992 for $115,000......absolutely NO major improvements to the home or nieghborhood.

I just have to believe that THAT government inflation number you used is so bogus as to make THE case for gold!!! Have the "official" government inflation numbers become any more reliable for the 1999-2006 period????

I SAY NO.....probably even more ridiculous.

Throw in a looming Chinese Yuan appreciation against the US dollar or an outright trade war with China (brought on by War??) and it could really get ugly.

I could go on for hours on this post of other examples of extreme inflation in everyday items for that 1976-1999 period. 116.79% inflation for 23 years???....if you believe that number you'll be gullible enough to believe Oswald killed JFK.

Just "shakin the box" for my favorite SI poster and throwing it back at ya.....

Your pal, Rogue
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