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Silver and Gold as Currency! By Dr Jeffrey Lewis
Asheron
Posts: 1,229 Forumite
It has long been said that an ounce of gold will buy a custom tailored men's suit.
In the 1930s, an ounce of gold cost $35, and a suit was nearly the same price.
Today, gold trades for $1150 and a custom suit does as well.
Even thousands of years ago, the best clothing cost one ounce of gold, or 15 ounces of silver.
The purchasing power of gold and silver are intrinsically tied together; however, manipulation in the price has made silver trade at an artificially low ratio to gold.
http://news.silverseek.com/SilverSeek/1259129040.php
In the 1930s, an ounce of gold cost $35, and a suit was nearly the same price.
Today, gold trades for $1150 and a custom suit does as well.
Even thousands of years ago, the best clothing cost one ounce of gold, or 15 ounces of silver.
The purchasing power of gold and silver are intrinsically tied together; however, manipulation in the price has made silver trade at an artificially low ratio to gold.
http://news.silverseek.com/SilverSeek/1259129040.php
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
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