Message:

<p>[QUOTE=&quot;-jeffB, post: 1057230, member: 27832&quot;]&quot;A fixed commodity&quot;? Really?</p><p><br /></p><p>Between 2001 and now, the price of gold in dollars has gone up 5.75 times, and the price of silver in dollars has gone up 7.25 times. So, has the dollar decreased in value 5.75 times, or 7.25 times?</p><p><br /></p><p>From what I&#039;ve seen, between 2001 and now, the price of bread at the store has gone up perhaps 25%. So, by your reckoning, has the &quot;real value&quot; of a loaf of bread decreased by 4 or 5 or 6 times?</p><p><br /></p><p>In that same troubled period, the sale price of houses in my neighborhood has gone up, then gone down, and now is probably approximately unchanged. By your reckoning, are all our houses now worth only a fifth or a seventh of what they were worth previously?</p><p><br /></p><p>You can consider a particular commodity to be &quot;fixed&quot; in value, but it&#039;s not a particularly useful exercise. The price of silver and gold in relation to <i>anything</i> else is not constant, but variable -- wildly variable, here of late.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in