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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (11296)8/26/2008 5:52:46 PM
From: ecrire  Read Replies (1) | Respond to of 50206
 
"longer term it can only go up"?

From 1980 on, for the next 20 years, inflation, while mostly "subdued" still ran at about 2 1/2% yearly. i.e. 20 x 2.5, a currency debasement of near 50%. What did Gold do? Went from 800+ to 265. So I guess it depends on your definition of "long term".