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<p>[QUOTE=&quot;Hrefn, post: 7834115, member: 115171&quot;]In the half century since the world abandoned the gold standard, gold’s price in dollars has increased roughly by a factor of 50.&nbsp; Dollar denominated bonds pay 1% interest per annum. Dollar savers are being robbed. Debtors are being rewarded.&nbsp; The largest debtor is the US government.&nbsp; This policy serves the State, which is so deep in debt that any return to real interest rates would otherwise render the debt service unpayable, without even more profligate increased fiat dollar creation.&nbsp;&nbsp; This is why there is no real champion of conservative fiscal policy in the legislature.&nbsp; IT IS TOO LATE.&nbsp;&nbsp; </p><p>The dollar is a depreciating asset, and the rise in stock prices, real estate, and commodities is at least in part a reflection of this.&nbsp; The deflationary force of increased efficiency in production (e.g., falling computer prices) does not seem sufficient to counter the inflationary effect of a wildly escalating money supply. </p><p>During the post WWI hyperinflation in Germany, this 700 year old bit of wealth storage from another time and place could be traded for billions of Marks.&nbsp; Billions.</p><p>[ATTACH=full]1346635[/ATTACH] </p><p>The possibility it could be traded for billions of US dollars in the next fifty years is not zero.&nbsp; We will all be debt free, billionaires, and poor.[/QUOTE]</p><p><br /></p>

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