Seems like only yesterday that we had FReepers extolling the virtues of gold as an investment, why it always tracks the price of a good men’s suit. Or something.
Guess they moved on to Bitcoin.
Funny you should mention that. At least the dimes I just bought will always be worth a dime, although I spent about 7 cents a piece for them (considering the profit from the BTC purchase a couple years ago).
“””extolling the virtues of gold as an investment, why it always tracks the price of a good men’s suit”””
That was Glenn Beck on his fox show. He was talking about the creation of fed reserve and how a 1 ounce piece of gold, $20 in the late 1800s would buy you a really nice suit and that an ounce of gold, worth close to $2000 when his show was on, would still buy you a really nice suit but the $20 might get you a thrift store suit.
Moral of the story, getting off of gold and into fed res notes created inflation.