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To: Spydergoo
You can't get any more long-term than this....


12 posted on 01/22/2012 9:02:39 PM PST by PGR88
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To: PGR88

Denominated in what?


14 posted on 01/22/2012 9:17:22 PM PST by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: PGR88

It is flawed to convert dollars from one year into 1998 dollars. On what basis is this done? Is it done in an accurate manner in which the total money supply is considered? Or is it based on some inflation number based on some arbitrary index?

You need to look at the actual number. How many paper dollars did an ounce of gold fetch in a particular year? One ounce of gold is one ounce of gold. It is dollar that changes in value and no attempt should be made to even out its value over the years.


19 posted on 01/22/2012 9:56:30 PM PST by JimWayne
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