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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: maceng2 who wrote (68776)1/2/2007 6:47:15 PM
From: Snowshoe  Read Replies (1) of 74559
 
>>The same amount of gold buys 200 pounds of flour today as it did in Roman times.<<

But that stone-ground Roman flour was full of grit that ground down the teeth of those who ate the bread. Thanks to modern hedonics that 200 pounds of flour is much better now than it was in Roman times!

Physical gold is like a millstone around the neck. I find it more practical to own NEM or GG, and write calls against it for extra cash.
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