Comments on: Tobin ignores the first law of Drug dealing…. http://www.fubarrio.com/2007/02/tobin-ignores-the-first-law-of-drug-dealing/ Dispensing Unwanted Advice since 2006 Sat, 27 Aug 2011 06:20:04 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: FuBarrio http://www.fubarrio.com/2007/02/tobin-ignores-the-first-law-of-drug-dealing/comment-page-1/#comment-94 FuBarrio Sun, 04 Mar 2007 12:10:00 +0000 http://www.fubarrio.com/?p=110#comment-94 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/>fuBarrio Over a shorter range of time,it is harder to say how gold will fair against a given currency.

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.

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.

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.

Given the above criteria, it kinda stands to reason that it takes a lot more of those same greenbacks to buy an ounce.

so, short answer is, not necessarily.

ciao,
fuBarrio

]]> By: Anonymous http://www.fubarrio.com/2007/02/tobin-ignores-the-first-law-of-drug-dealing/comment-page-1/#comment-93 Anonymous Tue, 27 Feb 2007 18:27:00 +0000 http://www.fubarrio.com/?p=110#comment-93 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? O.k., I have what might be considered a “beginner’s” question about gold…

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.)

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?

]]> By: FuBarrio http://www.fubarrio.com/2007/02/tobin-ignores-the-first-law-of-drug-dealing/comment-page-1/#comment-91 FuBarrio Mon, 26 Feb 2007 03:49:00 +0000 http://www.fubarrio.com/?p=110#comment-91 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/>fuBarrio ingots are sold in any size that someone can effectively market them.

the “fort knox” (think: goldfinger) style bricks are 400 troy oz.

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.

i found some online in the 1 gram size here: http://lynncoins.com/Gold_BARS.htm

1 gram…. :) that’s funny.

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!!!

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 :)

the 5g “bar” (it’s 24k and is stamped to resemble a bar) is about the size of a pinkie nail.

fuBarrio

]]> By: Anonymous http://www.fubarrio.com/2007/02/tobin-ignores-the-first-law-of-drug-dealing/comment-page-1/#comment-90 Anonymous Mon, 26 Feb 2007 02:55:00 +0000 http://www.fubarrio.com/?p=110#comment-90 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/>Pants For whatever it’s worth, I read your blog everyday and it’s usually either entertaining or informative. Keep it up.

Just curious, do you know how many ounces of gold are in one ingot? I was thinking of buying one…

Cheers,

Pants

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