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  1. Bear Ribs

    Culture At What Point is Too Much?

    They won't show up with the entire gold toilet seat. A group of their hired thugs will show up with a couple grams chipped off the side and an ounce or two of silver scrap and old coins, which your farm group will likely trade for because every civilization, even a post-apoc one, needs some...
  2. Bear Ribs

    Culture At What Point is Too Much?

    Naw, you get pretty standard returns from the 30s. The answer to what you're seeing as weirdness is that Gold and the S&P 500 crisscross constantly in who's ahead. Because you're looking at very substantial amounts of growth and inflation over very long periods of time, even slight changes in...
  3. Bear Ribs

    Culture At What Point is Too Much?

    Ah, my mistake. But since your results are quite wrong you're making an error somewhere. I think you're taking the entire value of the indexes, rather than payoff for money invested, which will give you quite anomalous results because money has been added to the markets steadily. If one...
  4. Bear Ribs

    Culture At What Point is Too Much?

    The price of gold in 1921 averaged $20.67. I think you misplaced a decimal point there or possibly found a completely anomalous temporary spot price, it wasn't even that high in 2001 where gold traded for an average of $276.50.
  5. Bear Ribs

    Culture At What Point is Too Much?

    ... We were making synthetic but still chemically and optically identical rubies in 1873. The time passed two centuries ago. People don't care, it's a Veblen good.
  6. Bear Ribs

    Culture At What Point is Too Much?

    If you look at the price of gold historically, basically a chunk of gold bought in the 30s will have kept its value rather closely to what the Stock Market has done over the last near-century. It holds its value remarkably well and unless you can beat the market, just buying gold is probably as...
  7. Bear Ribs

    Culture At What Point is Too Much?

    A lot of these items are not being bought and sold at a massive value for foolish reasons but as a type of money laundering scheme. The super-rich move so much money around that they can't easily do it with mere cash, and trading in things like fine artwork, high-grade watches, and the like are...
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