True, but it's "buying power" is never based on deliberate governmental devalutation (inflation) like the dollar. Over time, the averaged price of gold continues to increase in value. For example, the gold that a friend bought in the 1980s is now worth four times what he paid for it, and at one time was worth 6 times what he paid for it in US$. Of course, the gold standard is an impractical system in the current, fast moving, computerized world. Gerry
Rich Thomas wrote: > Gold price fluctuates constantly, a dollar is never worth a fixed amount > of gold. > > --R > > On 11/10/15 10:13 AM, archer75--- via Mercedes wrote: > > No inflation means you never "need" a raise. You might get a raise for > > various reasons, but the dollar is always worth a fixed amount of gold and > > always has the same buying power. > > > > BTW: What are you and Don going to do with the $1000 Volkswagen is sending > > you? > > http://www.bloomberg.com/news/articles/2015-11-09/vw-giving-1-000-payments-to-owners-in-diesel-scandal > > Gerry > > > > Curt wrote: > >> No inflation means you never get a raise... > >> If wood has only doubled in price in the last 20 years that's pretty good, > >> look at the price of cars... > >> > >> Curt > >> > >> Sent from Yahoo Mail on Android > >> > >> On Tue, Nov 10, 2015 at 12:45 AM, archer75--- via > >> Mercedes<mercedes@okiebenz.com> wrote: > >>>> GEORGE TALES - THE SCROUNGER > >>>> By Wilton Strickland, Lt Col, USAF (Ret) > >>>> > >>>> .... > >>>> The boys were terribly embarrassed that a friend might see > >>>> them helping Dad scrounge salvaged material. I told them, "Your > >>>> friends are not even near this area, so don't be concerned about it, > >>>> and think about this. For every stud you put in the van, that's 50 > >>>> cents we're getting for nothing." > >>> Boy, don't we all wish studs were still 50 cents now! > >>> Craig > >> So true! Bought them for a dollar 20 years ago. $2.00 now. > >> When the U.S. was on the real gold standard there was no inflation, but > >> that was around 80-100 years ago. I think Switzerland is still (sort of) > >> on the gold standard. > >> Gerry > >> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> > >> > >> ----- > >> No virus found in this message. > >> Checked by AVG - www.avg.com > >> Version: 2015.0.6173 / Virus Database: 4460/10974 - Release Date: 11/10/15 > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > ----- > No virus found in this message. > Checked by AVG - www.avg.com > Version: 2015.0.6173 / Virus Database: 4460/10974 - Release Date: 11/10/15 > -- arche...@embarqmail.com <arche...@embarqmail.com> _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
