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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Professor Dotcomm who wrote (62706)1/16/2001 10:32:08 AM
From: long-gone  Read Replies (1) | Respond to of 116786
 
<<How about the gram that was bought some 20 years ago? Its purchasing power has been cut by about two thirds. >>
If you bought that with Pounds Sterling?



To: Professor Dotcomm who wrote (62706)1/16/2001 11:27:38 AM
From: Claude Cormier  Read Replies (1) | Respond to of 116786
 
<How about the gram that was bought some 20 years ago? Its purchasing power has been cut by about two thirds?

You are talking 1980 and gold $850. Of course, gold was in a bubble, like the Nasdaq is now, and to a lesser degree the US dollar. This was a very unique event. Like the dotcom bubble. You should use an average price. On average, a gram of gold has maintained a constant purchasing power over centuries. Can you sat the same for the various pieces of paper that have been issued by the governments of this world.