GOLD 0.51% $1,391.7 gold futures

gold, page-467

  1. 212 Posts.

    ..The flaw in you portrayal is that you use a 'consumeable', the ever depreciating fiat, as a ruler to measure perceived real wealth... akin to purchasing a new vehicle & expecting it to appreciate in value after several years use...BTW the av lifespan of US $50 bill is about 8 years....quite a bit shorter than a hi-lux?...

    Your 1970 gold @ $36 was for approx. a teaspoon full, your current $1231 still only gets you a teaspoon full...

    Your 1970 Sydney house @ $18,700 to $1,026,000 is far from a nett gain. Whilst at least an asset, most are not 'income earning' but owner occupied which required 45 years servicing of the interest, repairs, maybe some capital improvements, plus many other outgoings, otherwise it remains pretty much as one purchased more than a generation ago... Ok, so one wants to upgrade, invest???... your capital gain will present a reasonable downpayment just to start the cycle all over again... There are many easier ways without losing the years...

    Q?.. How much gold (weight) did $1 USD buy in 1801?
    ... How much in gold weight did your 1998 .78c get you..
 
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