12-02-2009, 06:23 AM
I'm all for spending too much money on clothes and have a really nice pair of italian leather shoes and a couple bespoke suits I paid far too much for, but $1217 can buy your average fashion ignorant American several shoes, several belts and a couple suits.
Not to mention that analogy is silly as 8 years ago the price was what, under 300? That'll ain't going to buy you a suit, shoes, and belt unless you shop at the menswear section of Wallmart.
But it is funny because the relative purchusing power is estimated to be about 15 bucks for a denarius at the beginning of the empire which puts gold at 1300 USD an ounce during Augustus' reign.
A 4% return on CD is also above the inflation rate so will yield at least some return but because of the safe nature of the investment was never intended to be a money making scheme, its a safe place to dump cash.
Proper investments just awareness of the world around you, there are always going to be opportunities and these will change with time.
To use your Vegas analogies, there are games to play in Vegas where you can push the edge in your favor or 50 50 like black jack or pai gow, games where, played skillfully, can net you a profit over a time like poker, and slot machines which are essentially taxes on stupidity.
Investings the same way.
Not to mention that analogy is silly as 8 years ago the price was what, under 300? That'll ain't going to buy you a suit, shoes, and belt unless you shop at the menswear section of Wallmart.
But it is funny because the relative purchusing power is estimated to be about 15 bucks for a denarius at the beginning of the empire which puts gold at 1300 USD an ounce during Augustus' reign.
A 4% return on CD is also above the inflation rate so will yield at least some return but because of the safe nature of the investment was never intended to be a money making scheme, its a safe place to dump cash.
Proper investments just awareness of the world around you, there are always going to be opportunities and these will change with time.
To use your Vegas analogies, there are games to play in Vegas where you can push the edge in your favor or 50 50 like black jack or pai gow, games where, played skillfully, can net you a profit over a time like poker, and slot machines which are essentially taxes on stupidity.
Investings the same way.