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To: benwood who wrote (14241)10/28/2004 7:38:08 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
If you just saved $1,000 in 1959 and are trying to decide whether to buy Gold or put your paper money in a shoe box, the answer hands down is to buy gold.

Since very few people save their money in a shoe box, this advice to buy Gold is useful only to you and perhaps 14 other people.

However if you compare buying gold in 1959 with buying a stock market index or real estate, then gold is clearly an inferior investment.



To: benwood who wrote (14241)11/1/2004 9:05:46 AM
From: Mike M2  Respond to of 116555
 
Ben, I think the minimum wage was about $1.15- 1.25 /hr in 1959 - before my time. mike


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