Oil flat with Gold

[CountryboyRonPaul]

This is a great explanation

[OptionsTrader]

LOL good job!

[PimpBlimp]

I didn't know that fact

+1 for Paul

[basevolgal]

Hopefully the median American understood it.... it was great!

[JAlli41]

i had never heard that before... brilliant eye opener

[Animalm0ther3]

Is this completely true?

[european]

Is this completely true?

yeah Paul has his facts straightend out big time. he is a specialists on that issue btw :)

[CountryboyRonPaul]

Is this completely true?

Yes, the only thing that's changing is the value of the dollar.

Oil happens to be traded only in US. Dollars.

[Malakai0]

That is something Peter Schiff talks about a lot too. Scaling prices are staying flat with gold because it's the inflation not all the bullshat these guys are talkign about.

[OptionsTrader]

http://i8.tinypic.com/6kh2aa0.jpg

Compared to real constitutional money, gold:

http://www.kitco.com/lfgif/au2920lf_ma.gif

Price of gasoline in dollars:
http://i10.tinypic.com/6g9beoo.jpg

Oil:
http://i11.tinypic.com/87jim92.png

Last 4 years of inflation of M3 (Money Supply)

http://www.nowandfutures.com/images/m3b.png

[CountryboyRonPaul]

Nice, and a Houston boy too, he knows his oil ;)

[OptionsTrader]

Oil denominated in dollars
http://i5.tinypic.com/72qn0pu.png

OIL denominated in Gold ounces
http://i13.tinypic.com/6po7xja.png

[constitutional]

This is a great explanation

What does this mean between Gold and Oil? Can anyone explain it in simple terms?

[CountryboyRonPaul]

Ron Paul said that the value of Gold and the value of Oil have gone up proportionately the same compared to the value of the Dollar.

Meaning Oil is not really going up, the buying power of the Dollar is going down.
Since Gold is the best indicator of a currencies value.

[constitutional]

Ron Paul said that the value of Gold and the value of Oil have gone up proportionately the same compared to the value of the Dollar.

Meaning Oil is not really going up, the buying power of the Dollar is going down.
Since Gold is the best indicator of a currencies value.

thank you sir! :D

[OptionsTrader]

That's just a chart I made, not from the WSJ, let me see if I have a paper copy around here to scan from the actual news paper....