mmm. :)

来源: 天下无马 于 2011-03-07 16:21:02 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (277 bytes)
回答: you can use currency to buy food, shelter, 由 longterminvestor 于 2011-03-07 16:13:23

In the 60's oil was $3 a barrel, an oz of gold buys 12 barrels.

Today, oil is $100 barrel. an oz of gold buys 14 barrels. So what is this picture tell you?

That is 50 years already. :)

How about wheat? sugar, cotton, any thing we need in life? :)

所有跟帖： 

• now, you are talking about real long term return -longterminvestor- ♂ 给 longterminvestor 发送悄悄话 longterminvestor 的博客首页 (72 bytes) () 03/07/2011 postreply 16:27:30

• Not very long, 50 year since Brettonwood break. -天下无马- ♂ 给 天下无马 发送悄悄话 天下无马 的博客首页 (1508 bytes) () 03/07/2011 postreply 16:40:23

• that is only index, if you consider compounded -longterminvestor- ♂ 给 longterminvestor 发送悄悄话 longterminvestor 的博客首页 (322 bytes) () 03/07/2011 postreply 17:31:23

• :) Do you think a single company represents stock market? -天下无马- ♂ 给 天下无马 发送悄悄话 天下无马 的博客首页 (546 bytes) () 03/07/2011 postreply 19:27:23

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