Thr Real Relative Value of Things

[mamboni]

http://www.revolvemarketing.ca/golde...nfographic.jpg

[AndreaGail]

great infographic, thanks mamboni

[ximmy]

bumpity bump

https://twimg0-a.akamaihd.net/profil...itter-icon.jpghttp://trus.imageg.net/graphics/medi...1726617-05.jpg

[Libertarian_Guard]

Mamboni

#2 on your chart is more telling than everything one could learn about macro economics in a year.

Last 5 years the world gold supply has increased 1.5% on average, per year.

Last 5 years the supply of USD (or fed balance sheet) has increased 27% on average, per year.

From this alone, we can see who is winning the war on gold price suppression.

It's a mismatch.

[mamboni]

Mamboni

#2 on your chart is more telling than everything one could learn about macro economics in a year.

Last 5 years the world gold supply has increased 1.5% on average, per year.

Last 5 years the supply of USD (or fed balance sheet) has increased 27% on average, per year.

From this alone, we can see who is winning the war on gold price suppression.

It's a mismatch.

B...b..b...but Krugman said dollars are better than gold, because you can't eat gold but you can wipe your ass with a dollar. I'm so confused!

[Ponce]

To me this thread is a little bit to sophisticated....personally the value of anything is what you are willing to pay for it or what you are willing to accept for it.........a glass of water in the city is zero but in the middle of the dessert it would be all the gold, diamonds, dollars or what ever you have.

PS: One of this days it will be all that you have.......in the city.

V

[Libertarian_Guard]

B...b..b...but Krugman said dollars are better than gold, because you can't eat gold but you can wipe your ass with a dollar. I'm so confused!

Krugman is a natural born $uck-a$$ cheerleader, he may not be on the side of 'truth' but for now he is on the winning side. Should the tide turn, you'll see him worm on over, but by then it will be too late.

For now perception and power trump truth. TBTB have played their hand well, they've got the people by their throats, and they're not letting go.

[JohnQPublic]

B...b..b...but Krugman said dollars are better than gold, because you can't eat gold but you can wipe your ass with a dollar. I'm so confused!

You can eat FRNs. It's part of a high fiber diet. Of course, you need some minerals, too...

[Horn]

Last 5 years the world gold supply has increased 1.5% on average, per year.

That's like God's money, or something.

Citizens must not be good enough to lay their hands on it.

[mamboni]

That's like God's money, or something.

Citizens must not be good enough to lay their hands on it.

Yes, gold makes for such a perfect money in so many ways that only God could have created it. For millenia gold production has averaged 2% of the stock, a remarkable constant. Isn't it interesting how central bankers on the one hand reject gold and on the other always quote "targeted 2% inflation" as the ideal rate of growth of the monetary base. In their hearts and minds, they know that gold is right and true. But their arrogance and pride compel them to reject gold as money. Man versus God, the neverending battle. A logical man might ask: if gold supply increases by 2% over the stock (basis), and 2% monetary inflation is the ideal balance, why not simply adopt a gold-backed currency? The prideful response will be: "We don't need gold to control us!" In the shadows, the corrupt and greedy know the real reason to reject gold: "It makes it possible to rob the common man of his labors through cycles of engineered deflation and inflation and the control of credit and debt."

Imagine if everyman man accumulated a little gold each year, almost as a ritualist paean to God. Imagine if each of us was his own banker. What a better world this would be for all men.