Monday, July 9, 2012

Purchasing power of fiat vs gold


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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