Cool graphic
Posted:
Wed Sep 07, 2011 12:32 am
by shinnosuke
Share this with the sheeple around you.
- DJIA in Gold Grams.png (10.33 KiB) Viewed 579 times
Re: Cool graphic
Posted:
Fri Sep 09, 2011 10:11 pm
by AGgressive Metal
I don't know what your source is, but I would love to see this same graph with silver grams.
Re: Cool graphic
Posted:
Fri Sep 09, 2011 10:25 pm
by shinnosuke
AGgressive Metal wrote:I don't know what your source is, but I would love to see this same graph with silver grams.
I just lucked across it somewhere.
Will this do for silver?
http://news.silverseek.com/SilverSeek/1179495482.phpActually, that's old. This is better. Check the lower right section of the page.
http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=USDCheers and have a good weekend.
Re: Cool graphic
Posted:
Mon Sep 26, 2011 9:42 am
by Mossy
This caught my eye:
"That’s because for the last 40 years – since Nixon canceled the dollar’s gold convertibility in 1971 – the global monetary system has been based on nothing more tangible than politicians' promises not to print too much."
We were on fractional reserves before that. Each generation of politicians felt free to break the implicit promise made by those before to not bury the reserves under "excessive" paper promises. Nixon was just the honest one. (Less dishonest?)