[youtube]http://www.youtube.com/watch?v=xR79r9WmUQM[/youtube] http://www.youtube.com/watch?v=xR79r9WmUQM Isn't it incredible that some people still think US economy will recover and US dollar will be strong FOREVER!??? Have they been getting their news stories from the bottom of beer mug?
For gold vs. US dollars the year 1971 is a good starting point because that was the last year that the US dollar was still nominally backed by gold. What gold did compared to the US dollar during the last 40 years? Gold is up approximately 4,100% (41-fold) compared to the US dollar during the last 40 years. That is a compound annualised growth rate of 9.5%. What the US dollar did compared to gold during the last 40 years? The supply of US dollars grew 10%, and M2 grew at 7% per year.
Totally agree with the above ^ But then again... We shouldn't let those minor things like facts get. In the way of things like the world economy...