2007-09-17

Gold education :)

Here you are little bit education.

Upper chart (small one) we have price of Oil per barel, priced in USD.
Beginning of 2005, it was $40. Now because of inflation or whatever you prefere, is $80.

Middle chart (small one) we have price of 1 oz of Gold, priced in USD.
Beginning of 2005, it was $400. Now because of inflation or whatever you prefer, is $715.

Now, forget the USD. And see the bottom chart (big one). Here you see Oil, priced in Gold. This means we give Gold coin and receive equal amount of Oil for it.

What is the conclusion?!?!
1. Price do not go up. Price go up and down in very small range - from 0.08 oz to 0.15 oz of gold for a barrel of oil.
2. Looks like Gold has "conserved" the money, and as I like to say "transported" the value thought time, like a time machine.

GOT GOLD?

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