US Federal Reserve to reduce stimulus - Page 2

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

or in other words, has lost over half its value from then to now.

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.

12-21-13, 08:03 AM	#1
Tchocky Navy Seal Join Date: Jul 2004 Posts: 5,874 Downloads: 6 Uploads: 0	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 __________________ [SIGPIC][/SIGPIC]

12-21-13, 08:33 AM	#2
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,220 Downloads: 0 Uploads: 0	Diamonds can also be manufactured. __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.

12-22-13, 12:40 AM	#3
TorpX Silent Hunter Join Date: Sep 2010 Posts: 3,975 Downloads: 153 Uploads: 11	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.

12-22-13, 07:05 AM	#4
Ducimus Rear Admiral Join Date: May 2005 Posts: 12,987 Downloads: 67 Uploads: 2	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.