Monday, January 4, 2010

gold hoax

People tell you gold is going up. However, the value is the same. Only the price rises. Back in 1929 you could for $20 the cost of an ounce of gold rent a room. Last year in 2009 gold average price was $1000/oz and you can rent the very same room. OK see, gold is not going up. Let me supply another example for you. Back in 1929 a new car was $500 (approx 25 gold one ounce coins). OK lets take those 25 gold coins. You can sell them for about $1000 each and get $25,000 in paper money. Can you buy a new car? Yes, with $25,000 you can buy one new car, but you cannot buy 25 new cars. OK so the value of gold is the same.

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