SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (14223)10/28/2004 6:19:10 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 116555
 
Yes, but your $1,000 would only buy $50 of 1959 currency.



To: RealMuLan who wrote (14223)10/28/2004 6:22:33 PM
From: SeaViewer  Read Replies (2) | Respond to of 116555
 
At that time, owning gold is illegal in US. $1000 could buy you at least 30 oz gold. It was about $30/oz. That could be worth $12000+ today.



To: RealMuLan who wrote (14223)10/28/2004 6:24:25 PM
From: benwood  Read Replies (2) | Respond to of 116555
 
Since gold was $35.10 when I was born, that $1000 of gold would have purchased 28.00 ounces of gold. Today it would be valued at $12080. Not bad for a non-productive investment. I think the appreciation over the next few years will be quite a bit higher than that rate of return, however. They didn't print a trillion dollars a year, adjusted backwards for inflation, ever before.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News