There's an "old saying" that "a man's reasonable suit of clothing .. such as a merchant might wear [neither a king nor a serf] ... has ALWAYS COST about ONE OUNCE of gold" That's roughly true -- for $300 today you can get a pair of Nikes and polo shirt and some undies and a pair of Levis or slacks. (See caveat below.) And people dig up historical examples from Roman times, etc. This is and interesting observation and says something anecdotal abotu the nature of inflation and money, etc etc. Go gold! One interesting caveat though: it's important to note that, IN THE LAST 100-200 years, due to the mind-bending advances in technology caused by the progress of laissez-faire capitalism, there has been INCREDIBLE decreases in costs of production of stuff (or, increase in quality, which is the same thing) Thus consider my example above about levis, nikes, ralph lauren etc .... note that for MUCH LESS, say $50 or even less, you CAN get absolutely acceptable clothes --- you can pop into Target or K-Mart and get a simple business shirt ($5), pants ($10), undies ($5) and a nice pair of canvas shoes ($10) ... all of which would FANTASTICALLY EXCEED in quality anything anyone could get before a few hundred years ago. So, the old saying "a man's reasonable suit of clothing has ALWAYS COST about ONE OUNCE of gold", is a great observation and very interesting, but, it is worth remembering that die to the incredible technological advances of the last couple centuries, real prices have actually DROPPED substantially. >| I heard a statement at a conference last week that Christ's robes cost 30 >| grams of gold, or the equivalent value in today's dollars of approx >| $262. Which is close to the same price one might pay for a suit of clothes >| today. Therefore, in 2,000 years gold has been stable. > >Roman legionaires were payed 1 aureus per month - about 7 grams of gold. Seems >like an expensive suit, though not impossible. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
