INFOGRAPHIC: Pricing the economy and financial assets in terms of goldSubmitted by satoshi on Thu, 04/11/2013 - 16:19
Ron Paul frequently makes reference to the idea that we would be better off pricing economic performance in terms of gold. What is happening to GDP and wages when priced in gold? What about the equity markets or corporate earnings? How much oil can I buy in terms of gold?
Gold pricing paints a very different picture of markets given gold's more reflective tendencies. Gold supply and demand are inelastic and relatively predictable, while the Fed's discretionary efforts infuse untold uncertainty into market fundamentals on the other hand. This makes gold a perfect backdrop for financial measurement.