Stephen Harmston, erstwhile economist at Bannock Consulting, wrote that "across 2,500 years, gold has retained its purchasing power, relative to bread at least" which is seemingly proved when one considers that "It is said that an ounce of gold bought 350 loaves of bread in the time of Nebuchadnezzar, king of Babylon, who died in 562 BC" which is roughly what it buys today, a stretch of 2,500 years, while the dollar, on the other hand, has lost 97% of its buying power since 1913, less than 100 years ago, when the detestable Federal Reserve was given its diabolical unholy control of the nation’s banks and money by a corrupt Congress and allowed by a corrupt Supreme Court.
Gold Could Reach $2000 in 2009 Check Gold Prices Now…
So I look, and with gold at $993 and cheap bread at about $3 a loaf, it looks to me like gold is just about where it was for the last 2,500 years! Amazing!
And the better news is that it will get better than this, as Patrick A. Heller at numismaster.com writes, "The money supply of all of the world’s major currencies is now increasing by 10-30 percent annually. With the gold supply increasing by less than 2 percent annually, it is a virtual certainty that all currencies will fall in value against gold" and as bread crosses that $5 per loaf mark, and that $7 per loaf mark, and that $10 per loaf mark, then gold will go up right along with it!
See How Rare Gold Coins Will Save Your Future
Rare gold coins selected properly can leverage your hedge against the coming financial collapse of the US dollar. Let govmint.com be your guide in creating your financial life raft now..
Knowing the gold price history is important for any person investing in gold bullion or rare gold coins. The gold price history, while not a guaranteed predictor of future gold prices, provides an great overview of how the price of gold … Read more.
Top Registry Set of $10 Gold Coins: The Jim O’Neal Collection of …
While the 1913-San Francisco Mint Indian Head Eagle is nowhere near as rare overall as the 1933 Philadelphia Mint Eagle, it is dramatically rarer in 65 and higher grades. The Kutasi-O’Neal 1913-S is one of the most important Indian Head Eagles in …. Eliasberg’s set of U.S. gold coins was completed by 1950 and auctioned in 1982. In the history of U.S. coin collecting, it has been very unusual for an advanced collection to be sold less than five years after..Read more.
Feel The Gold Rush With Gold Coins
For most gold coin collectors, there are the highly coveted rare gold coins and a lot of gold coin collectors are interested in these rare gold coins that they will offer high bids just to be able to get their hands on these. … Read more.
Collecting Coins Is A Great Long Term Investment | Homeschool Facts
You can gather gold, silver, or other rare coins from other cultures. There are also series coins, coins from various mints, and tokens that represent a certain period in history and are of interest to researchers. … Read more..
Steamship discovered with gold coins http://www.hunttreasure.net/rare-gold-and-silver-coins-from-sunken-steamship-examined/1079 “Rare gold coins discovered in a sunken steamship off the Louisiana coast have been put under the microscope …Read more.
Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter.
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