IPFS News Link • Currencies
How High Can Gold Go?
• The Golden Truth these metrics.
One such metric is the CPI calculation, which the Government began manipulating right after Nixon closed the gold window in 1971. Arthur Burns, then Fed Chairman, devised rationals for using data which ultimately underestimated the Government-reported inflation statistic. With each successive Presidential Administration and Fed Chairman, this manipulation of reported inflation became more blatant, absurd and unequivically disconnected from a real meaure of price deflation, and its tautological twin, dollar devaluation.
Williams recently showed that IF the Obama Administration were, in the spirit of restoring the honesty in Government that Obama promised during his election campaign
One such metric is the CPI calculation, which the Government began manipulating right after Nixon closed the gold window in 1971. Arthur Burns, then Fed Chairman, devised rationals for using data which ultimately underestimated the Government-reported inflation statistic. With each successive Presidential Administration and Fed Chairman, this manipulation of reported inflation became more blatant, absurd and unequivically disconnected from a real meaure of price deflation, and its tautological twin, dollar devaluation.
Williams recently showed that IF the Obama Administration were, in the spirit of restoring the honesty in Government that Obama promised during his election campaign
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2 Comments in Response to How High Can Gold Go?
Wrong question. Gold can't go "high." Gold is gold; its value does not fluctuate. If gold appears to be going up, it's the dollar that's going down.
As high as the dollar can fall.