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To: Hojczyk

How low will the dollar go?

Well, in 1914 a $20 bill could be taken to the bank and exchanged for a $20 gold coin. With that $20 gold coin you could purchase a very nice suit. Now a $20 gold coin is worth about $1300 and will buy you a very nice suit.

Since then, the dollar is worth about 4% of what is was in 1914. I expect it to be devalued by about 50% over the next 2-4 years and it may accelerate after that until were are like post WWI Germany or Zimbabwe recently.


24 posted on 11/03/2010 3:29:44 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Blood of Tyrants
Well, in 1914 a $20 bill could be taken to the bank and exchanged for a $20 gold coin.

You'd have done better if you bought $20 of the S&P 500 and reinvested your dividends.

119 posted on 11/04/2010 7:52:05 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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