And it shall come to pass in the last days, saith God, I will pour out of my Spirit upon all flesh: and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams. (Acts 2:17)
Wednesday, April 2, 2014
The Real Price of Gold
[Borrowed from http://www.zerohedge.com/news/2014-03-29/real-price-gold-1791]
To put gold and the gold market in perspective, here is a graph showing both the nominal price of gold and the inflation adjusted price. Clearly the price is still way above the historical level.
Gold is not a commodity. Gold is money.
The US dollar is not money. The US dollar is debt.
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