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<p>[QUOTE=&quot;WingedLiberty, post: 1057192, member: 26030&quot;]<p style="text-align: left"><span style="color: #000000">&nbsp; I think it&#039;s a mistake to measure devaluation by comparing one unbacked (fiat) currency with another unbacked currency. My theory has always been that all the unbacked currencies are slowly devaluing over time (since world governments just print as much paper currency as they see fit).</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">I think it&#039;s better to compare the value of currency against a fixed commodity like gold or silver</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">In 2001 it took 240 U.S paper dollars to buy an ounce of gold ... and 4 U.S. paper dollars to buy an ounce of silver</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Today it takes 1380 U.S. paper dollars to buy an ounce of gold ... and nearly 29 U.S. paper dollars to buy an ounce of silver</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">That is how i measure dollar devaluation.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">(Saying that the dollar is strong as compared to the Euro ... to me just means the Euro is going down faster than the dollar ... so the dollar seems relatively stronger when compared directly with the Euro. )</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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