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Venezuelan Bolivar

February 20, 2017 By Philip Barton

Monday

Year-2-chart

 

 

Does anybody really find this widely disseminated chart credible?

Does anyone really believe that Gold is mysteriously ‘rising’ in just one country in South America?

Or is it possible that the chart is the inversion of reality – that it is really Gold measuring the decline in the value of the Venezuelan bolivar?

Does anyone believe that this is one and the same thing – that using a litre jug to measure out the volume of water in a bath is the same as using the bath full of water to measure the volume of the litre jug?

Does anyone, anywhere, truly believe that the Venezuelan bolivar is real money and thus can measure Gold’s value?

The quality of the back-to-front, upside down, cart leading the horse, whirling dervish Gold commentary is truly abysmal.

Filed Under: Philip Barton Tagged With: gold, Gold commentary, Gold's value, real money

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