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Fumesucker

(45,851 posts)

26. I didn't make any claims at all..

Reply to n2doc (Reply #18)

Sun Apr 15, 2012, 07:14 PM

Apr 2012

I was asking questions regarding a claim I heard..

Evidently the claim is at least somewhat accurate..

Apple is only magic in that it takes the blood, sweat and tears of third world workers and gets a higher rate of return than any other company I'm aware of..

Evidently over the hundred year period from 1912 to 2012 gold has done fairly well as an inflation hedge, as I said I own no gold at all, not even jewelry, I also don't own any stocks or bonds so I have no dog in this particular fight.

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In 1912 the price of a top quality men's tailored suit was about the equivalent of an ounce of gold. [View all] Fumesucker Apr 2012 OP

And that was like 20 dollars? zeemike Apr 2012 #1

28 grams to the ounce and the 20 dollar piece weighed 33 g.. Fumesucker Apr 2012 #2

Troy Ounce, Sir, About 31 Grams, is Used For Precious Metals The Magistrate Apr 2012 #8

I used to know that, slipped my mind, thanks for reminding me. Fumesucker Apr 2012 #10

No it was mixed with 10% copper because gold is too soft. Lucky Luciano Apr 2012 #17

Not Sure What You Think You Are Correcting, Sir The Magistrate Apr 2012 #19

I don't know of it being considered one ounce of gold. Lucky Luciano Apr 2012 #20

Check The First Parenthetical, Sir The Magistrate Apr 2012 #24

Ah missed the first parenthetical and reacted to the second. Lucky Luciano Apr 2012 #25

How much did it cost in Morris County, New Jersey? FarCenter Apr 2012 #3

Good find.. Fumesucker Apr 2012 #5

If you look at the various categories of goods, some have gone up x10 and others x100. FarCenter Apr 2012 #12

Yes, we could.. Fumesucker Apr 2012 #14

An old Adage lacrew Apr 2012 #4

There's another lesson I think.. Fumesucker Apr 2012 #7

I have also heard there is more 'Paper' out lacrew Apr 2012 #16

Yup, paper gold = no hedge against inflation. Zalatix Apr 2012 #28

And a decade ago it would have bought you a cheap suit n2doc Apr 2012 #6

I don't recall claiming there was anything "magical" regarding gold.. Fumesucker Apr 2012 #9

Sure. You were claiming that it is an inflation hedge n2doc Apr 2012 #18

I didn't make any claims at all.. Fumesucker Apr 2012 #26

LOL, well said. Zalatix Apr 2012 #29

Depends on the opinion of what a "top quality man's tailored suit" is. flvegan Apr 2012 #11

Armani is evidently around $2K now.. Fumesucker Apr 2012 #13

Didn't someone do this with a Harvard education recently? Robb Apr 2012 #15

We Went Off The Gold Standard In Order to Pay for a Global Military Empire Yavin4 Apr 2012 #21

About 50 years ago safeinOhio Apr 2012 #22

Irrelevant since we started using gold industrially. saras Apr 2012 #23

Could you elaborate a bit? n/t Fumesucker Apr 2012 #27

Gold Was $35.00 an Ounce in the Late 1970's zorahopkins Apr 2012 #30

I might even have a Silver Certificate around here somewhere.. Fumesucker Apr 2012 #34

It used to be that gold was worth what you could buy a man's suit with in Cleita Apr 2012 #31

An Armani suit is $2,000 give or take a bit.. Fumesucker Apr 2012 #33

What Would Frank Zappa Say? slackmaster Apr 2012 #32

that suit was made in america and could have been union made.... madrchsod Apr 2012 #35

Soup and sandwich are not a meal, Jerry. n/t DefenseLawyer Apr 2012 #36

Depends on how much money you have.. Fumesucker Apr 2012 #37

It was DefenseLawyer Apr 2012 #38