GOLD VS DOLLAR
Uploaded by: therealweeklynews
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http://digg.com/business_finance/GOLD_VS_DOLLAR
The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.
Tags for this video: banks bonds crisis depression devaluation dollar economy federal gold interest loans recession reserve stocks vs
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You measure the amount mined, not the amount of gold in the ground, because you can't take possession of gold that is in the ground (unless you mine it).
But if it was constant and the population doubled, then in order for everyone to have the same value of gold, the price of gold would only have to double.
Plus, people could use silver. Both gold and silver are money.
The only thing we are going to care about is our empty bellies. Not our red or green lines in the accounts.
Excellent overview of our current financial state. Thanks!
The comment about silver maintaining its value is an easy one to disprove. When Spain pulled a lot of silver out of the New World the value of silver dropped. They effectively flooded the market so value in terms of other goods and services dropped. Alternatively it could be said that the price measured in silver for goods and services rose dramatically.
Gold is more stable than some.
That was hundreds of years ago, the circumstances will not repeat, and silver is still a better form of money than fiat currency. And some people may only be able to afford to accumulate silver, and not gold.
Shows that everyone knows inflation is extremely destructive.