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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (23715)	10/22/2009 8:21:53 AM
From: Paul Kern	1 Recommendation Read Replies (1) \| Respond to of 71406

just $2 invested at 3 percent compounded for 700 years will get you hundreds of quadrillions, maybe a quintillion. you do the math -g-. Why didn't you tell us this 700, or even 600 years ago? :(

To: Wyätt Gwyön who wrote (23715)	10/22/2009 11:36:19 AM
From: Mike M2	Respond to of 71406

I think the formula is $2(1.03)700 . The star( 700) is an exponent. My calculator went into scientific notation mode- big number -g-

To: Wyätt Gwyön who wrote (23715)	10/22/2009 11:39:50 AM
From: Real Man	Respond to of 71406

$1,936,811,206, but you got to be a vampire. -g-

To: Wyätt Gwyön who wrote (23715)	10/22/2009 12:54:00 PM
From: benwood	Read Replies (1) \| Respond to of 71406

Ok, the answer is... it takes 4.95 % (rounded) compounded annually over 700 years to turn a single gold coin (worth $1000) into 500 quadrillion dollars' worth (500 trillion gold coins). Getting 4.95% of real growth would be the trick, even with no taxes, esp. considering all the booms and busts and deflationary episodes, wars, gov't looting, robbery and theft. By the way, $2 at 3% for 700 years is only $2 billion dollars. Are you related to Madoff by any chance? <g>