9 Temmuz 2012 Pazartesi

Purchasing power of fiat vs gold

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it's dangerous to have too much faith in paper money...compare gold's purchasing power to fiat paper money in the past 100 yrs:


The money-printing central bank's great (sarcasm) record in promoting economic stability brings about very few recessions in the 20th century:

1918-1919, 1920-1921, 1923-1924, 1926-1927, 1929-1933, 1937-1938, 1945, 1948-1949, 1953-1954, 1947-1958, 1960-1961, 1969-1970, 1973-1975, 1980, 1981-1982, 1990-1991, 2001, 2007, 2012-2014 (my projection)

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