Gold's performance for the past two years implies many things, and also begs the question:
- Is the value (price) of Gold increasing when an ounce of Gold bullion remains constant?
OR
- Is the value of Fiat Dollars decreasing when it takes increasing amounts of these non-redeemable claim checks known as FRN's (Federal Reserve Notes) to buy an ounce of Gold bullion?
My 'take' when I look at this chart is NOT that Gold is increasing, but that the Dollar is decreasing.
1 comment:
Gold has almost doubled since 2018 along with the price of everything else. It is not the doohickey you want , it is the doohickey used to buy it.
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