Comments on: Gold and Deflation: A Trick Question http://whiskeyandgunpowder.com/gold-and-deflation-a-trick-question/ Whiskey and Gunpowder features articles on gold, oil, currencies, emerging markets, energy, and more. Sat, 21 Nov 2009 06:03:37 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Dave Narby http://whiskeyandgunpowder.com/gold-and-deflation-a-trick-question/comment-page-1/#comment-2573 Dave Narby Wed, 08 Jul 2009 22:28:48 +0000 http://whiskeyandgunpowder.com/?p=4652#comment-2573 Mmm.... If gold really is money, then the only way the purchasing power of gold can go up is if the relative cost of producing goods and services goes down (due to automation and other productivity increases). This might work for things like electronics, but for other things... Not really. For example, 50 years ago an ounce of gold bought a man a nice suit of clothes and a good meal. Today? It buys a man a nice suit of clothes and a good meal. Mmm….

If gold really is money, then the only way the purchasing power of gold can go up is if the relative cost of producing goods and services goes down (due to automation and other productivity increases).

This might work for things like electronics, but for other things… Not really.

For example, 50 years ago an ounce of gold bought a man a nice suit of clothes and a good meal. Today? It buys a man a nice suit of clothes and a good meal.

]]> By: High stock market » Blog Archive » Gold and Deflation: A Trick Question http://whiskeyandgunpowder.com/gold-and-deflation-a-trick-question/comment-page-1/#comment-2450 High stock market » Blog Archive » Gold and Deflation: A Trick Question Tue, 30 Jun 2009 05:12:08 +0000 http://whiskeyandgunpowder.com/?p=4652#comment-2450 [...] Gold and Deflation: A Trick Question [...] [...] Gold and Deflation: A Trick Question [...]

]]> By: Interest Rates » Gold and Deflation: A Trick Question http://whiskeyandgunpowder.com/gold-and-deflation-a-trick-question/comment-page-1/#comment-2449 Interest Rates » Gold and Deflation: A Trick Question Tue, 30 Jun 2009 04:14:10 +0000 http://whiskeyandgunpowder.com/?p=4652#comment-2449 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

]]> By: rancherlady http://whiskeyandgunpowder.com/gold-and-deflation-a-trick-question/comment-page-1/#comment-2446 rancherlady Mon, 29 Jun 2009 19:58:00 +0000 http://whiskeyandgunpowder.com/?p=4652#comment-2446 Wow. May I hold your jacket and sit at your feet sopping up wisdom?! Linda Wow. May I hold your jacket and sit at your feet sopping up wisdom?!

Linda

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