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<p>[QUOTE="-jeffB, post: 3696483, member: 27832"]If that were true, the GSR would be a constant.</p><p><br /></p><p>The values of gold and silver are changing, relative to each other, the dollar, and anything else you care to pick.</p><p><br /></p><p>It's convenient to pick one thing to use as a yardstick. Most pick the dollar, with the understanding that inflation is a real thing, so its value <i>does</i> change over time.</p><p><br /></p><p>If you want to assume that gold's value is constant and use that as a yardstick, that's fine. It's just not quite as convenient as figuring in dollars, since that's how nearly everything else is denominated.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3696483, member: 27832"]If that were true, the GSR would be a constant. The values of gold and silver are changing, relative to each other, the dollar, and anything else you care to pick. It's convenient to pick one thing to use as a yardstick. Most pick the dollar, with the understanding that inflation is a real thing, so its value [I]does[/I] change over time. If you want to assume that gold's value is constant and use that as a yardstick, that's fine. It's just not quite as convenient as figuring in dollars, since that's how nearly everything else is denominated.[/QUOTE]
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