Replacement of the bonds by gold

[Dutchman]

As of July 2007 the estimated total females is 3,278,616,036 and total males is 3,323,608,139.

Amazing how the CIA can "estimate" a 10-digit number up to the last digit. Impressive!

 

[GzuzKryzt]

Amazing how the CIA can "estimate" a 10-digit number up to the last digit. Impressive!

The CIA puts the intel back in intelligence.

 

[Ladewig]

The OPer has choosen to address the questions and objections related to his or her claim in a thread in the Science forum: http://www.internationalskeptics.com/forums/showthread.php?t=90266

 

[Grimoire]

But what I actually fear is that by inflation (even in the next weeks or months) the prize could lose its worth. So wouldn't it make sense to replace the negotiable bonds worth a million dollars by gold? Think about it, a prize offered by any past culture in gold would still be valuable whereas most past currencies and other paper values are now completely worthless.

Others have pointed out many excellent points about how this is a) irrelevant, and b) wrong, but I figured I would throw in my 2 cents...

Inflation is a risk to any investment. If you are worried about inflation (US inflation rate is currently about 2.36%) being a problem, you simple hedge that risk. The simplest hedging strategy is not to buy commodities, such as gold, but to buy inflation linked bonds^WP. Inflation is no longer an issue.