The purchasing power will not have taken into account the fixing of the gold price at $35USD (under Bretton Woods) for most of the post war years. So worse decline than a pure price graph would measure.
However, if the monetary system collapses, all I am suggesting is that the fundamentally ephemeral value of money is no less ephemeral than gold. Yeah??? Surely?
Agree, if there is a partial collapse, say caused by major political or economic or riotous instability in the US, or a war (please no) then a partial reversion to gold 'standard' may apply. AKA the reason why the (USD) gold price is inversely correlated to world political and military instability.
Surely this does not apply in a complete collapse, which is where i suggested a (local) reversion to a non traded standard. i.e. the Cow.
