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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (9679)3/20/2009 2:17:57 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "As I understand it, the purchasing power of gold is the best way to really measure inflation, not with phony baskets of goods...."

I don't know about that... I think a fixed basket of major industrial commodities is likely the best way to benchmark inflation.

(Or even the consumer-focused "McDonald's Big Mac index".)

Gold is TOO SMALL and TOO EASILY MANIPULATED by the relatively large Central Bank holdings. (Has been for decades, I'd wager, on purpose.)
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