by Keith Weiner, Gold Seek:
The dollar dropped a lot more this week than it has in any one week for a long time. Measured conventionally, the gold price spiked $51, and the silver price by $1.47. Gold owners have 4% more dollars, and silver owners have 7.4% more dollars. However, those dollars are worth less. How much less?
To calculate the value of the dollar (or anything else), we can’t use consumer prices. This is because consumer prices are constantly falling, in real terms. Consumer prices are falling because industry is constantly pushing itself to be more efficient. Gold is the closest thing to a constant value in the economic universe, the equivalent of the speed of light in a vacuum, C.
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