Scrap Iron in Texas Wrote:
Dec 04, 2012 10:13 AM
It might be interesting to some here that prior to the Federal Reserve, gold had a steady value, as did the coin and paper money in circulation. there was almost no inflation. And you might want to see what an ounce of gold buys today. Its pretty close to what an ounce of gold bought 130 years ago. Gold has pretty much the same value no matter how many dollars it takes to buy.