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 Replies: 29 / Views: 1,967 |
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Pillar of the Community
United States
533 Posts |
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One cannot just compare yesterday's dollars to today's dollars without adjusting for all of the factors involved.  But, I think in the time frame that our eaglefooted friend is referring to, the USD will be kaput. Actually, I will be suprised if it doesn't happen in my lifetime... Supply and demand may wax and wane, but inflation is almost a guarantee. (@$##$% Federal Reserve)  |
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Moderator
 United States
188770 Posts |
Quote:Supply and demand may wax and wane, but inflation is almost a guarantee. (@$##$% Federal Reserve) One of the purposes of the Federal Reserve was to control inflation. Seriously, it does look good on paper. But in practice?  |
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Pillar of the Community
United States
6326 Posts |
For the record....I do NOT have an Eagle shaped foot....there is nothing mishapen about either one of them....they are both perfectly normal .....(although I do have this one toenail....  ) I suppose the way my brain was working (or not working) is best explained with this scenerio.... A person is born in 1900 and their father had a choice.....should I buy my son $2,500.00 worth of $1.00 bills for his first year ? Or should I buy him $2,500.00 worth of gold coins ? hmmmmmm. So the father bought his son the gold coins. Now, I'm 108 years old in 2008, and decide to sell my gold coins. I'm thankful that my father did not buy me the $1.00 bills obviously ! Now the reason that my father did this is because "his father" did the same for him, and his father before him, AND EACH TIME THE PRICE RECEIVED FOR THE GOLD COINS WAS AN INCREDIBLE FAMILY PROFIT IN 50 YEAR INCREMENTS ! ...(and yes assuming each time the birth and the "cashing in" was 50 years apart)(don't analize this story too much !) Go back with that analogy as far as you want or forward as far as you want.....the result IS A BOON FOR THE FAMILY ! (even in the "tanking of the 80's with gold", this story STILL WORKS ! kk.....NOW I'm done and going home to have a nap ! 
Edited by eaglefoot
07/30/2008 08:51 am
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Bedrock of the Community
United States
19961 Posts |
Buying gold and silver are always a good idea.
I almost bought a huge lot of silver coins today. My dealer offered to sell me dimes, quarters, halves and dollars (a mix) for 12x over face. I'm sure it was a decent deal. What do you guys think?
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
533 Posts |
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although I do have this one toenail talon... FTFY. The US Government started tracking inflation in 1913, and has since averaged 3.43% annually, or a whopping 1,929% total. So yea, gold coins would have been better then $1 bills... Actually I would have waited and bought every 1909-s VDB cent I could find... Talk about a ROI...  Consider though... In the 100 yrs from 1905-2005 the Dow Jones returned a yearly avg of 15.94% which is a total of... a bunch. I don't know for sure, but I bet that beats the pants off of gold... |
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New Member
United States
44 Posts |
I think we are missing the forest for the trees here folks. None of us can go back in time to make the purchases we are talking about. Heck, most Americans are heavily in debt, never mind have savings with which to buy a newborn some gold or a gift of FRNs.
What is facing us over the next few years is the continuous, grinding away of personal wealth through inflation. From my perspective, there is no escaping it. No matter who you are. Surviving it and limiting its toll on you and yours is what this is now about. Holding anything that is a tangible, desirable and easily traded asset is at least a way of avoiding the shrinking purchasing power of a greenback.
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Valued Member
 Philippines
107 Posts |
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Pillar of the Community
United States
6326 Posts |
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although I do have this one toenail talon...  |
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Moderator
United States
188770 Posts |
This really does beg the question... what is an eaglefoot?  |
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Pillar of the Community
United States
6326 Posts |
I'd like to say I was drinking........but that's a rare occurrence and not the reason.... Well....WHAT IN THE HECK IS A JBUCK ?...(Now, I have heard of a JayHawk !).... Edited by eaglefoot
07/30/2008 7:31 pm
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Pillar of the Community
United States
5318 Posts |
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One of the purposes of the Federal Reserve was to control inflation. Wait...I thought their mission was to bail out Wall St. and the banks? |
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Bedrock of the Community
United States
20753 Posts |
Gold, Silver, Platinum prices have gone up and down and up and down many times in the past. Asking if Silver is a good investment is like asking what person should I marry, what car should I buy, who could I have hold all my money? Any answer is just a guess at best. Now if you want an investment idea, buy stocks in any company that makes buggy whips. With the prices of gasoline, I predict the return of the horse and buggy soon. |
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Moderator
United States
188770 Posts |
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Well....WHAT IN THE HECK IS A JBUCK ? It is my name!  Quote:Wait...I thought their mission was to bail out Wall St. and the banks? I said it was one of the reasons, but not the only reason. I probably should have called it a selling point instead of a reason. But I believe you are correct that the primary reason was to benefit the banks. Quote:
Now if you want an investment idea, buy stocks in any company that makes buggy whips. With the prices of gasoline, I predict the return of the horse and buggy soon. |
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Pillar of the Community
United States
5318 Posts |
"I predict the return of the horse and buggy soon." --Guess the Amish are poised for world domination of that market...little did we suspect. |
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Replies: 29 / Views: 1,967 |
First Page
Posted 07/29/2008 5:29 pm
