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Eugine Nier's avatar

> Neither gold nor oil revolve around stable values over similar timescales so why should their ratio?

Well both are real commodity goods, as opposed to fiat. Thus it would make sense that their ratios would stay nearly constant even as fiat fluctuates around them.

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The Unhedged Capitalist's avatar

Cool article! I'm reminded of smart people who respond to the gold bulls by saying: "You don't actually want to live in a world where your OZ of gold is worth $10,000."

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