mmerlinn
Ground Beetle
Take a look at this chart:
Here is proof that the intrinsic value of gold is a solid store of value compared to funny money. The same holds for ANY hard asset, whether it be gold, silver, land, or any other hard commodity.
Original chart and commentary here.
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Added:
To put this in a different perspective, when I was a kid one ounce of gold ($35) would buy 100 gallons of gasoline (35 cents). Today one ounce of gold ($1217) will buy 328 gallons of gasoline ($3.70). Both gas stations are in the same small city.
This poses a question of whether gas is too cheap or gold is too expensive making me wonder if gas should be $12.17 per gallon or gold should be $370 per ounce.
Here is proof that the intrinsic value of gold is a solid store of value compared to funny money. The same holds for ANY hard asset, whether it be gold, silver, land, or any other hard commodity.
Original chart and commentary here.
++++++++++
Added:
To put this in a different perspective, when I was a kid one ounce of gold ($35) would buy 100 gallons of gasoline (35 cents). Today one ounce of gold ($1217) will buy 328 gallons of gasoline ($3.70). Both gas stations are in the same small city.
This poses a question of whether gas is too cheap or gold is too expensive making me wonder if gas should be $12.17 per gallon or gold should be $370 per ounce.
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