Archived posting to the Leica Users Group, 2012/10/15

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Subject: [Leica] D800E pixel-peepers
From: kcarney1 at cox.net (Ken Carney)
Date: Mon, 15 Oct 2012 18:17:14 -0500
References: <F5DB9C33-C536-4925-8E62-999A75DC19EA@bex.net> <3E3AC7A2-704B-45E0-8358-7EB69791635E@bex.net> <2199AE6F-A9FE-44CE-A0B2-ADFAE3A91DAB@btinternet.com> <9F19F34D-E045-418B-9C3E-74800F07C527@usjet.net> <1350317536.68176.YahooMailNeo@web87405.mail.ir2.yahoo.com> <8EC8C507-A9B6-40D2-82E4-23B2A807F143@usjet.net>

I have some clients who have been investing in gold since c. 1972.  I really
don't recall accurately, but I think U.S. residents were not allowed to own
gold before then.  Whatever, they never sell it.  They believe the value has
never changed, and they would be paying a 28% capital gain tax on no real
economic gain.  It is probably better that they own it.  I would just sell
some and buy an S2 or something that would have cost 5% as much in 1972 if
it had been around.

Ken

-----Original Message-----
From: lug-bounces+kcarney1=cox.net at leica-users.org
[mailto:lug-bounces+kcarney1=cox.net at leica-users.org] On Behalf Of Robert
Meier
Sent: Monday, October 15, 2012 11:44 AM
To: Leica Users Group
Subject: Re: [Leica] D800E pixel-peepers

Nixon did that, in 1971.  Up till then we were on the gold standard, gold at
$35 per ounce.

On Oct 15, 2012, at 11:12 AM, FRANK DERNIE <frank.dernie at btinternet.com>
wrote:

> Originally cash -was- gold and its value was fixed. Whoever let the two
deviate effectively gave up the original true function of money. Now it is
just a gambling chit.
> FD
> 
> 
> 
>> ________________________________
>> From: Robert Meier <robertmeier at usjet.net>
>> To: Leica Users Group <lug at leica-users.org> 
>> Sent: Monday, 15 October 2012, 15:08
>> Subject: Re: [Leica] D800E pixel-peepers
>> 
>> That's why people convert cash to gold.
>> 
>> 
>> On Oct 15, 2012, at 2:55 AM, Frank Dernie <Frank.Dernie at btinternet.com>
wrote:
>> 
>>> Here in the UK from 1972 to now the loss of value of the ? is at least
20x, for a house more like 30 to 40x.
>>> IMHO inflation is a big problem, little addressed by governments or
banks, since it suits their business plan, but a catastrophe for the rest of
us who have saved for retirement.
>>> Having a situation where currency is worth less and less is truly absurd
since money was invented as an exchange token to offset bartering time
differences. It is nowadays treated like a commodity worth having in itself,
and manipulated by greedy ruthless b*stards.
>>> FD
>>> 
>>> On 14 Oct, 2012, at 23:36, Howard Ritter <hlritter at bex.net> wrote:
>>> 
>>>> Sorry, that should have been "conversion factor is close to _15 or
20_", meaning the number of dollars required to buy a given German commodity
in 2012 that cost $1 in 1966.
>>>> 
>>>> ?howard
>>> 
>>> 
>>> _______________________________________________
>>> Leica Users Group.
>>> See http://leica-users.org/mailman/listinfo/lug for more information
>> 
>> 
>> _______________________________________________
>> Leica Users Group.
>> See http://leica-users.org/mailman/listinfo/lug for more information
>> 
>> 
>> 
> 
> _______________________________________________
> Leica Users Group.
> See http://leica-users.org/mailman/listinfo/lug for more information


_______________________________________________
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Replies: Reply from robertmeier at usjet.net (Robert Meier) ([Leica] D800E pixel-peepers)
In reply to: Message from hlritter at bex.net (Howard Ritter) ([Leica] D800E pixel-peepers)
Message from hlritter at bex.net (Howard Ritter) ([Leica] Fwd: D800E pixel-peepers)
Message from Frank.Dernie at btinternet.com (Frank Dernie) ([Leica] D800E pixel-peepers)
Message from robertmeier at usjet.net (Robert Meier) ([Leica] D800E pixel-peepers)
Message from frank.dernie at btinternet.com (FRANK DERNIE) ([Leica] D800E pixel-peepers)
Message from robertmeier at usjet.net (Robert Meier) ([Leica] D800E pixel-peepers)