In the olden days before they got rid of the gold and silver certificates (money) you could exchange your dollars for that amount of gold or silver in those days these had a very stable worth. In today's world we use a different system and money is backed up by what the buyers an sellers think that it is worth in exchange for an hours labor. So we have inflation or deflation of the dollars worth depending on what it will trade for on the open market. One day you can buy a Toyota for $22,000 the next it will sell for $23,000 or $ 21,000 it all depends on the money market. Stocks are dependent on this also and they are also dependent on how good the company is. A company in need of a bailout has a low worth for its stocks. A company that is selling at a profit and paying dividends will have a higher worth for their stocks. All this is very hard to follow unless one really follows the way we calculate our worth. A house in 1900 is worth the same amount in 2008 if you adjust it to inflation. If you come out higher then you made money if lower then you lost money. Now take the same thing an put it towards a business like GM or Ford and you will see why things go up and down. Its really hard to put all of this in a short note it takes many books and lots of studying the economics of the world. Now I'm by far no expert on this but I do try to learn as much as I can and having an IQ in the Genius range really helps. Although sometimes its more of a nuisance than a blessing. Believe me being a genius is not what its all cracked up to be. Did you no that the average income of Mensa members is lower than the average. Walt PS I hope some of you understand what I am trying to says its a bit complicated I know.
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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