Wednesday, April 2, 2014

The Real Price of Gold


[Borrowed from http://www.zerohedge.com/news/2014-03-29/real-price-gold-1791]

To put gold and the gold market in perspective, here is a graph showing both the nominal price of gold and the inflation adjusted price. Clearly the price is still way above the historical level.

Gold is not a commodity. Gold is money.

The US dollar is not money. The US dollar is debt.

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