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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 442.03-2.6%Feb 5 4:00 PM EST
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To: bart13 who wrote (99164)3/15/2013 10:46:53 PM
From: Maurice Winn1 Recommendation  Read Replies (2) of 220056
 
From $600 an ounce to $300 an ounce over 20 years is not huge deflation. That's moderate deflation, especially since the $600 was an ephemeral spike and one should consider a smoothed figure. But of course the people in control of the US$ dilution rate took the opportunity to provide themselves with loads more loot to "avoid deflation" which they think is a bad thing, though people like prices to go down, not up when they go shopping.

Uncle Al KBE opened the spigots during the Great Asian Contagion and again post-Biotelecosmictechdot.com bust so the "low" gold price [and low oil price] were short-lived.

Smoothing gold and oil prices over 40 years, we can see that gold has gone from about $40 an ounce to $1600 an ounce [x 40] and oil has gone from $2 a barrel to $80 a barrel [x 40]. That's pretty much how other prices have gone too, such as pay rates per hour [global averages, not USA pay rates which is a local measurement - I admit I am making that fact up but it's about right]. House prices in Auckland were about $10,000 per year 40 years ago and are now about $800,000 [stupid rules on building houses have forced prices up in Auckland though prices have not gone so berserk in other cities].

Mqurice
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