Wednesday, October 07, 2009

Why Gold Is Rising...

7 October 2009

This is the best graph I have yet seen of the decline in the real value of the US dollar. What you can buy with it (in this case, in 2004)....

When the dollar was linked to gold, its purchasing power travelled in a reasonably steady range over decades.

Since the dollar has been delinked from gold... LOOK OUT BELOW!

Click here to go to the source. And keep in mind, the other currencies are playing variations of the same game that the US dollar is engaged in: competitive devaluation.

No comments:

Post a Comment