Inflation, deflation & the future of money

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  • Thu, Oct 30, 2008 - 03:13pm

    #21

    KKPSTEIN

    Status Bronze Member (Offline)

    Joined: Oct 20 2008

    Posts: 77

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    Re: Inflation, deflation & the future of money

Here is Millennium Money:

 Video (http://video.google.com/videoplay?docid=7786804090607217621)

  • Thu, Oct 30, 2008 - 07:40pm

    #22
    gregroberts

    gregroberts

    Status Gold Member (Offline)

    Joined: Oct 06 2008

    Posts: 305

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    Re: Inflation, deflation & the future of money

Gold and silver do not change in value, it does not matter if you have inflation or deflation they will still buy the same amount of things. (there are probably some exceptions to this) You can still buy a gallon of gas for a silver quarter (in California it is $2.57/gallon for regular) and I have read that you could buy a nice suit for a ounce of gold 200 years ago and you can do the same today. Fiat currencies are what are changing so it really does not matter if you buy gold or silver at a high or a low, it’s just the paper that is changing in value.

 The difference between paper silver and physical silver has been widening lately, a minute ago it was $13.37 – $9.78 = $3.59. When I bought silver they were almost identical, I’m keeping an eye on this, I’ve heard some rumors that they might default on paper silver.

http://www.marketoracle.co.uk/Article7059.html

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