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To: Ilaine who wrote (4163)	6/2/2001 1:01:32 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

< If you compare the hourly wage of the average US worker in 1934 and now, the purchasing power of the price of gold has declined. > How much??? A gold bug would expect it to just keep pace right? Also, 1934 is quite a year to pick average wage.. DAK

To: Ilaine who wrote (4163)	6/4/2001 3:12:13 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 74559

gold's purchasing power has definitely declined a lot less than that of the fiat dollar. hourly wage of 1934? in the middle of the great depression? LOL. besides, the rise in the hourly wage has to be seen in the context of the decline of the dollar's purchasing power - viewing it in isolation doesn't tell you anything. again, gold's true current equilibrium price is unknown - we have to wait for the lending scam to end to be able to discern its true purchasing power. here's an interesting new idea: electronic gold money. note the chart of crude oil (scroll down) vs. dollars and gold: goldmoney.com