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keys
Penny Collector Member
383 Posts |
 Posted - 07/30/2009 : 21:13:16
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An interesting article-
Excerpts-
"...Now I know many of you will say that $35 dollars was a “suppressed” price by the government"
-the same way that the gold price is suppressed below the $1,000 mark now, but like any supression scheme, it fails in the end. (London Gold Pool of the 1960's anyone?)
The supression will last a while longer, but since we are gold buyers for the long haul (and take physical posession rather than paper promises) we can patiently wait for gold togo up when the scheme falls apart.
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How Much things cost on Aug 15th,1971-----------Today
Dow Jones Industrial Average
890 or 25 oz gold----------------------------9000 or 10 oz gold
Cost of a new house
(Average)
$25,250 or 721 oz gold------------------------250k or 277 oz gold
Average Monthly Rent
$150.00 or 4.3 oz of gold---------------------$824 or 1 oz of gold
This was probably written before the price of gold increased.
(Granted, rent and a new house cost vary per region, but the buying power of the dollar vs gold can't be ignored.)
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Food for thought (served on a golden dish)
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