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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (24103)	1/6/2005 10:33:53 PM
From: gregor	Read Replies (1) \| Respond to of 110194

orkrious: speaking of the scarce dollars in the 30's. My grandfather worked in a mining town at the company store during the 30's. While the average monthly wage in that area was $50.00 to $60.00 he was making $160.00 a month. During the nadir in 1933 he took a $20.00 pay cut per month. What he did at the time because the banks were so risky, was to insist on being paid partly in gold. He would get $5, $10.00 $20.00 dollar gold pieces on each pay day. He never spent any of these coins but saved them all. My father has since passed away and now I have already passed these coins to my son, ensuring that now the 3rd generation will benefit from this "investment". I guess my question is the coins have appreciated in value I estimate 2500% to 3000% and some much more because many were in very good condition and dated in the 1870s-80s-90s....so has this been a good investment in your opinion ??? compared to common stocks. During the same period common stocks have increased ..i. e. the Dow from less than 100 to 10,000 plus or a factor of 10000%...I say NO....