Evan!
Well-Known Member
Oh, what's that? When you tie gas prices to a stable currency and not fiat paper money that the treasury can print at will, then, hey, it's not crazy after all. :cross: What's crazy is the dollar crash.
Oh I see how it is...you were way to busy last night finding useless ish to post on the internet today instead of accepting my GTA4 Multiplayer invite....gotcha
whatever, *****. When I was on there playing MP last night, it said you was offline. I played one match thru, then got halfway through another one and everyone but me and another guy quit, and let me tell you, turf wars with 2 people teh suxxorz. Plus I'd been up since 5am and couldn't stay awake any longer.
Some day we'll actually end up on MP at the same time. Someday.
Hum, that chart is misleading. Sure the overall point mat have some truth to it, but think, you are dealing with grams of gold vs. the dollar. I bet if you were to zoom in and use a smaller scale on the gold part of that chart in the last 20 years or so, I bet there would still be a huge increase.
What do you mean zoom in on he last 20 years? Look at 1985-2005. Regardless of how much you zoom in, it still looks pretty flat to me, especially compare to the dollar.
And yes, you are dealing with gold vs the dollar; that's precisely the point. It's the weakness of the dollar. Inflation. Bernanke printing money trying bail out stupid lenders.
Look at the y-axis, the scale is in the thousands, if you were to "zoom in" or look at just the gold value of crude oil (y-axis scaled down to the 1's or 10's range) especially focusing on the last 20 years, I bet you would still see a steep upward trend. Not near as fantastic as the trend the dollar has shown, but if you were to "zoom out" enough (increase the y-axis scale) even the dollar would look pretty flat.....
Just saying the chart is misleading because they are trying to compare two items whos fluctuations are on completely different scales.....
you also have to realize that both gold and oil are scarce comodities that recently have been in high demand in developing countries, so they would map almost perfectly and stay relatively close. The gold to dollar exchange is at an all time high right now, just the way oil is, it is just not everyone talks about gold as it is a luxury good, not something required to keep people working, warm, etc.
Evan! said:you have no choice but to acknowledge the reality of the collapse of the USD over the past few years, and also acknowledge that it has mysteriously coincided (somewhat) with the rise in crude oil price.
Evan! said:I mean, there's no shortage in supply, which is normally what would drive a price increase
Evan! said:There's no lines at the pumps, I could full 10 tankers by myself if I had the money and nobody would say word one about it.
Evan! said:On that chart, gold is not expressed as a commodity by rather a currency.
Evan! said:Obviously, if you could just wave a magic wand and make more of a commodity OR a currency appear, it would be devalued.
I love Kung Pao Chicken with a cold Hefe!
I got me one of those thar Kung Pao pepper plants today...I think that's what the guy said. Yeah that's it. So I can make me some Kung Pows at home
Where do I get a gold nut? Oh and I REALLLLLLLLLLY want a gold can opener...poppit.....thingy
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