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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (96975)7/24/2002 5:55:03 PM
From: Simba  Read Replies (2) | Respond to of 132070
 
BGR:

May not be that bad. In Indian currency Gold has done fairly well. In 1989, 13 rupees made 1$. Now it is around 49 rupees/$. The average price of gold in USD is around $330 the past 10 years. In rupees the gold price has nearly quadrupled in 10 years, not bad.

It is another matter if your family could invest their rupees in the US stock market. But I thought India allows only limited conversion of rupees for foreign investment. The indian stock market has gone nowhere in rupees in the past decade and so they could not lost investing there.

Simba



To: BGR who wrote (96975)7/26/2002 4:01:34 PM
From: LKO  Read Replies (1) | Respond to of 132070
 

I am not going to sell my grandfather's gold plated cigarette lighter, however.

What metal is under that "gold plated" stuff ?

I am personally saving some genuine "copper-plated" pennies
(not those really old duds made of all-copper) for my
grand kids. Some day when all the copper in the world is
gone, they can palm them off at a profit.

LKO


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