Re: OFF TOPIC - inflation and railroad ticket prices and costs

Hi,

I was almost correct as you were almost correct.

According to the Natinal Mining Association:

"Government gold price has changed only four times from 1792 to the present. Starting at $19.75 per troy ounce, raised to $20.67 in 1834, and $35 in 1934. In 1972, the price was raised to $38 and then to $42.22 in 1973."

Your point about apples and oranges was very close. However, I think that the current price of gold may have some effect on the "buying power" of a dollar that is separate from inflation (which was probably a poor choice of words).

Maybe it is something like 2% of the current price of gold effects the "buying power" of a dollar that can be added to or subtracted from the inflation/deflation index.

Regardless, I wonder if anyone has looked into the effect of the free floating gold price has on the buying power of the dollar and if it might be combined with inflation.

Oh well.

Doug vV