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Tchocky 12-21-13 08:03 AM

And their value is upheld through corrupt market manipulation, cartel pricing and conflict exploitation.

No worse than gold from an economic standpoint, but equally pointless and arbitrary

August 12-21-13 08:33 AM

Diamonds can also be manufactured.

TorpX 12-22-13 12:40 AM

The true value of gold changes very little. It is the value of the currencies that are used to buy it, that fluctuates wildly.

The likelihood of significant additional amounts of gold coming into circulation in the foreseeable future are practically nil.

Ducimus 12-22-13 07:05 AM

http://www.usinflationcalculator.com/


Its "comforting" to know, that in my lifetime, from the time i graduated high school in the 90's, to the present; the value of the dollar has inflated 66%, or in other words, has lost over half its value from then to now.

Sailor Steve 12-22-13 09:07 AM

Quote:

Originally Posted by Ducimus (Post 2154456)
or in other words, has lost over half its value from then to now.

:yep:

Back in the mid-'70s I worked for Utah's sole hobby distributor, Douglas Models. Jack Douglas, the owner, once told me that new money is worth less but real money doesn't devalue. His example was the common saying then that at the turn of the 20th century you could buy a steak dinner for a quarter. Jack said that a quarter from 1890 would still buy a steak dinner.

I always thought that was an interesting way to look at it.


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