The Myth of the Unchanging Value of Gold
By GCRU Gold News on Saturday, August 30 2014, 00:28 - Permalink
Historical experience clearly shows that the value of gold vis-à-vis other commodities has fluctuated over the centuries, even when gold has served as the monetary standard.
Gold is the barometer of the value of money... Like with a set of fulcrum scales the meter swings slowly over time from undervalue to overvalue determined by the amount of fiat flooding into the marketplace.
In these charts we can observe gold's value vs commodities over the long run of 750 years. And we can clearly see the resultant change in value since the end of the Bretton Woods system.
Click on charts to see larger charts.