GOLD 0.51% $1,391.7 gold futures

Gold pattern pointing up, page-122

  1. 9,820 Posts.
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    all4one

    im aware gold is an inflation hedge. i said so in my earlier post

    in fact i have no idea why you;ve posted this stuff to me - my talk of us currency is only in so far as USD strength causes a fall in USdenom gold price and vice versa.

    and the mistake you are making in any event is usng current gold price as indication of a full inflation/deflation cycle or that the suit you speak of wouldnt cost much more today

    a 90s mobile phone wouldnt be equivalent to a current one - because obsolescence shifts are separate from deflation forces.

    to get a sense of inflations true effects you need products made - as much as possible - in exactly same way with same ingredients as at start time.

    eg milk, wheat, oil would all be more accurate ways to assess true inflation vs gold.

    but i get your point in any event.

    just not sure why you made it.
 
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