Paulie
Diamond Member
- May 19, 2007
- 40,769
- 6,382
- 1,830
In June 2008 oil was $134/bl. Now it's $83. Of course when it comes to money I like to talk numbers, while most posters on these threads ramble on about how they're so smart they never have to even think of numbers.Maybe you didn't notice the price of gas and food lately.......If that were true then we'd all be seeing more inflation now than we saw when the price of gold was lower. We don't so it isn't...
Sure, there's a bit of a discrepancy between oil/gold then and oil/gold now, but gasoline is around the same pace as in 2008 while gold continues up.
In 2008 when gold lost a couple hundred during the crash, oil and gas lost too. Then when the Fed started pumping in liquidity, gold and oil went up. They didn't keep the same pace as before but that's not indicative of no inflation.
I don't need charts and numbers when I can see prices going up with my own two eyes.