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Price of gold from 1900 to 2012 with gold’s purchasing power of bread comparison — 8 Comments

  1. Brother,

    Any articles or thoughts you may have regarding the believer’s response to the coming one-world system that implements the mark of the beast?

    Glenn

  2. I don’t think that the dollar is going to lose all its value, but I certainly thing it will lose quite a bit and possibly even its reserve currency status in the near future. About the only thing that the dollar has going for it is the fact that oil is traded using it. If it wasn’t for that fact, we would have been dead quite a long time ago. To preserve the value of your dollar, gold or silver are certainly a worthwhile investment.

  3. Hello Sir,

    How are you?

    I am agree with you! The US dollar is a bomb! The international monetary system and the commercial relationships are sitting over a time bomb!

    I am writting a economic book in order to break with the fiat currency, and create a new monetary system. This new system will be even more powerfull than the gold standard.

    I would like to know more about you.

    Pleased to meet you!

    Best Regards from Madrid.

    • Hello Pedro,

      Thank you for your comments. If you want to know more about me and what I hold to be truth, please read through the pages and posts on this website.

      Thank you.

      Best wishes from Japan,
      James

  4. Hi James,
    Guess your pastor needs to stick to preaching the word of God and not pronounce on things he doesn’t understand, huh? With gold crashing thru the $1200 mark and no end in sight to its free fall all the goldbugs have grown very quiet. Sure I’m bitter, I bought at $1700/ounce..

    • Jon, I still think gold is a good investment. You only lost that money if you sold it. Though you bought it at $1700 a ounce and it’s $1200 now, you can be sure it won’t stay that way for long. Soon I believe it will shoot up much higher than $1700 an ounce.

    • You bought high, yes, allot of people have had that bad luck. Im sorry. But I believe you could still be sitting pretty with that gold. You cant really compare the dollar against the weight of gold very well. The value in either has to do with what either can purchase at any given time. How many coffee cups, town homes, shoes etc. Things like that don’t go up in value. The dollar goes down in value. The weight of that gold will not change its purchasing power very much over the very long run. The dollar’s purchasing power is constantly decreasing and decreasing. The bread, condo, and shoes your dollar can buy is always becoming less and less. The amount of those same things your gold will buy should remain consistent. AND. If the dollar really crashes, which I believe it will, and certainly many currencies have crashed. So why not the dollar? If that happens, you will need a wheel-barrel of dollars to buy a loaf of bread. But the amount of bread per weight of gold should not change.

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