tag:blogger.com,1999:blog-33065814.post5820997195563443509..comments2023-07-26T05:18:22.990-03:00Comments on FuBarrio Expat: Tobin ignores the first law of Drug dealing....fuBarriohttp://www.blogger.com/profile/10461319400985591471noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-33065814.post-54254443005631018762007-03-04T10:10:00.000-02:002007-03-04T10:10:00.000-02:00Over a shorter range of time,it is harder to say h...Over a shorter range of time,it is harder to say how gold will fair against a given currency.<BR/><BR/>While twenty years may seem like a long time, in 1980 gold was over 800/oz. in 2000 it was under 300/oz. All the while inflation had eaten away at your purchasing power.<BR/><BR/>Almost more important than actual inflation during gold "booms" is the expectation of future inflation, and the general uncertainty/uneasiness in the market in general.<BR/><BR/>Having lived through both periods, I can say that in 2000 the US people were certainly more cocksure that the future belonged to them,and it stands to reason that in 2000 it took a lot less dollars to buy an ounce than 1980.<BR/><BR/>Given the above criteria, it kinda stands to reason that it takes a lot more of those same greenbacks to buy an ounce.<BR/><BR/>so, short answer is, not necessarily.<BR/><BR/>ciao,<BR/>fuBarriofuBarriohttps://www.blogger.com/profile/10461319400985591471noreply@blogger.comtag:blogger.com,1999:blog-33065814.post-74281779560325810812007-02-27T16:27:00.000-02:002007-02-27T16:27:00.000-02:00O.k., I have what might be considered a "beginner'...O.k., I have what might be considered a "beginner's" question about gold...<BR/><BR/>As I understand it, the exchange value of an ounce of gold has remained roughly constant throughout history (i.e., you could get a decent toga and some sandals then, and a decent suit and some wingtips today for the same coin.)<BR/><BR/>So, if one Krugerrand will get me a month's rent today ($685), does it stand to reason that it will get me a month's rent in the same apartment 20 years from now, even if the purchasing power of the dollar is such that the rent is now $1,500?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33065814.post-80011831296575681392007-02-26T01:49:00.000-02:002007-02-26T01:49:00.000-02:00ingots are sold in any size that someone can effec...ingots are sold in any size that someone can effectively market them.<BR/><BR/>the "fort knox" (think: goldfinger) style bricks are 400 troy oz.<BR/><BR/>the reason they typically don't get bigger, cuz that's about as much as someone wants to move around manually without herniating a disk.<BR/><BR/>i found some online in the 1 gram size here: http://lynncoins.com/Gold_BARS.htm<BR/><BR/>1 gram.... :) that's funny.<BR/><BR/>that's slightly more heavy than the big 800MG motrin tabs the military docs and football trainers hand out like candy, but MUCH smaller -- think about how dense gold is relative to motrin!!!<BR/><BR/>i have a very small 5g (i think) bar on a chain i received as a gift from an asian person visiting me....replete with a fancy "chicken" stamped on one side to connote my birth year :)<BR/><BR/>the 5g "bar" (it's 24k and is stamped to resemble a bar) is about the size of a pinkie nail.<BR/><BR/>fuBarriofuBarriohttps://www.blogger.com/profile/10461319400985591471noreply@blogger.comtag:blogger.com,1999:blog-33065814.post-15522631238681642002007-02-26T00:55:00.000-02:002007-02-26T00:55:00.000-02:00For whatever it's worth, I read your blog everyday...For whatever it's worth, I read your blog everyday and it's usually either entertaining or informative. Keep it up.<BR/><BR/>Just curious, do you know how many ounces of gold are in one ingot? I was thinking of buying one...<BR/><BR/>Cheers,<BR/><BR/>PantsAnonymousnoreply@blogger.com