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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (10813)	7/17/2008 3:41:27 PM
From: Bill on the Hill	Read Replies (1) of 50102

I was married in 1971. My wedding band of white gold cost just under $85.00. Today the same size and weight wedding band is priced at approximately $450.00. My wages in 1971 were $3.25 per hour for laborer work. The same laborer rates today are approximately $17.50 per hour. In 1971 it took approx. 26 hours of labor to purchase my wedding ring. Today in 2008 it takes approx. 26 hours of labor to purchase the same weight and size of wedding ring. Gold did not go up in price. The value of the dollar went down. The problem is not GOLD going up in price. The problem is FIAT currency and the FED. Eliminate them and we eliminate the problem. Gold will stay stable relative to the true value of assets. It has throughout history.

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