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Randgold Resources Limited Message Board

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  • deywar deywar Apr 23, 2002 11:20 AM Flag

    INFLATION?

    Bonds, sometimes referred to as "Certificates of Guaranteed Confiscation", have deteriated in value over time in a most destructive way. Consider if you had bought the 30 year treasury at $10,000.00 in 1972. At that time, 10 grand would've purchased 4 Volkswagen Beetles with enough money left over to travel around North America. Cashing that bond today, you'd have enough to make a good downpayment on a Volkswagen Beetle, but no money left for gasoline.

 
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