On Thursday 17 April 2008, Kenneth Lerman wrote:
>Gene,
>
>I have a gold ring with my call letters "K2EMR" that I got as a present from
>my parents for my 16th birthday in 1960. It weighs about an ounce and cost
>about $16.00
>
>Ken
If it weighs about an ounce, Ken, and cost only $16, that would have been less
than half price for the gold back when we were on a $35/oz gold standard for
our currency. Chances are, its only plated. Obviously heavily if you've
been wearing it all this time.
Going off the gold standard was the dumbest thing we ever did. The dollar
devaluated to 11% 10 minutes after that became effective, the biggest
screwing we the people ever got without being kissed. The only people who
made money were the holders, whose value went up 9 times in that same 10
minutes.
--
Cheers, Gene
"There are four boxes to be used in defense of liberty:
soap, ballot, jury, and ammo. Please use in that order."
-Ed Howdershelt (Author)
Joe Cool always spends the first two weeks at college sailing his frisbee.
-- Snoopy
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