Thursday
I first published this graph on December 2nd, 2016. It is worth revisiting. It is making the point, the most important point of all, which is that the value of gold does not go up and down. The value of gold is stable. That is why it is the measure of value and the reason that it is money.
Gold does not go up and down, it is the fiat currency that is being measured, not gold. Yes, it takes more and more of any currency to buy gold, but that is because the value of currencies is falling. How far can they fall?
All the way to zero.
That is why you need gold – and/or silver.
This graph is the representation of the fact that gold is a store of stable value over time.
