Edwird
Posts: 3558
Joined: 5/2/2016 Status: offline
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quote:
ORIGINAL: Real0ne Brilliant! Lot of good it does to post your inapplicable chart, might want to understand what you are looking at first. If you understood anything I said or could understand the chart I referenced, you'd understand that I was speaking in nominal, not in inflation-adjusted terms, to match your presentations. . . . quote:
Since the end of the gold standard with the create federal farce, all we do is chase never ending inflation, the only intrinsic value the toilet paper they produce has is for wiping your ass and keeping score. Everything you say makes perfect sense to an idiot who puts all his money into a non-interest bearing account or under the mattress instead of the S&P 500 or even a CD. It doesn't matter if in nominal terms or 'real' (inflation adjusted) terms, the S&P has done better than gold from 1974 onward, aside the occasional temporary reverse. quote:
People wo have little to no knowledge of the markets, Speaking of which . . . You don't have a clue of what money is or ever has been to begin with, much less any understanding of financial markets or stock or commodity markets. People didn't throw some two gram micro-bar of gold on the counter to pay for things, they used gold or iron or silver or copper coin stamped with the insignia of the empire of the time. The crown insignia is the only item of relevance, here, and it's never been any different. Even in terms of modern electronic exchange or transfer of funds, the protocols for that are instituted and regulated by the powers that be, just like always. It's a medium of exchange and a unit of account, not something to put under the mattress, except for idiots. Gold was expedient to the task way back when it was hard to obtain gold and the crown stamp at the same time. It had zilch and nada to do with any notion of 'intrinsic value.' And again, you are too stupid to understand that you are logically crossing yourself in saying that things only work well with an artificially and arbitrarily derived 'gold standard' to keep the price of gold and everything else at a certain level, while then spouting the virtues of gold as an investment, financial virtues of the latter as could only be obtained outside of a 'gold standard' which would otherwise restrict any gain to zero.
< Message edited by Edwird -- 7/7/2017 3:19:14 PM >
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