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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (4088)	6/1/2001 4:39:49 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 74559

well, let's see...using 1970 as our starting point (that's when gold ceased to be fixed vs. the dollar), the dollar's purchasing power index (consumer) has gone from 264.3 to 56.5 as per April 2001...gold has in the same span gone from $35/oz. to $ 267/oz. i'll take gold, thank you... in 1913 the dollars consumer purchasing power index was at 1025 btw...since you're asking 'against what' the loss of purchasing power has taken place, that's simple: the basket of goods and services that makes up the consumer price index. besides, it is a reasonable assumption that we will only learn the true purchasing power of gold when the CB/bullion banks gold lending scam ends, as it artificially suppresses prices. depending on the estimates one uses, time for this scheme is running out sometime between 4 to 7 years from now, assuming the concerned parties are planning to play the game until the bitter end.