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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: Cogito Ergo Sum who wrote (98218)1/23/2013 8:08:15 PM
From: Maurice Winn2 Recommendations  Read Replies (2) of 217842
 
I have never known anything different:
<competitive devaluation ... topic becoming mainstream >

Since 1970, money has been competitively devalued, or harmoniously rather than competitively, because the receivers of the dilution "royalty" want to keep the game going as long as they can, so it's best to work in with the others in the currency cartel.

We should expect the dilution rate to continue into the unforeseeable future. A reasonable measure of the dilution is the price of gold. In 1970 $35 an ounce, in December 2012 $1,727 per ounce [as predicted by Mq's amazing financial relativity theory analysis a couple of years ago]. That's 50 times the price. That's how much dilution there has been. They will not stop now. Houses were $10,000 back then, and now are 50 times as much, so it's not as though gold is particularly weird. Oil was $2 per barrel and is now $100, which unsurprisingly is also 50 times as much. As I have explained, gold is oil, near enough for government work, but more transportable in small vehicles. 15 barrels of oil are quite heavy and large. An ounce of gold is not.

Plus ca change.

Mqurice
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