Oil and gold - charts

[OptionsTrader]

Compared to real constitutional money, gold:



Price of gasoline in dollars:


Oil:


Last 4 years of inflation of M3 (Money Supply)

[OptionsTrader]

How about that good 'ol gasoline cup and handle back in January. Latest spot price 3.3315

[mattc2345]

So the government's increasing of the money supply (aka inflation) is causing the price of oil to climb? What else is new?

[RSLudlum]

This thread should be STICKY'd in the Economics forum since there are memmbers here frequently asking for this material.

[OptionsTrader]

Probably shouldn't be stickied because everything but the gold and m3 charts are a snapshot in time from January. I could post a compilation of linked charts later though.

[Fox McCloud]

This thread should be STICKY'd in the Economics forum since there are memmbers here frequently asking for this material.

I'll second that.

some more information confirming this exact point:
http://www.thedailygreen.com/environ...ities-47041507


http://www.youtube.com/watch?v=yvCcBILF7ow
http://www.youtube.com/watch?v=jqz9J4hxh3k

if that doesn't convince someone that our dollar is being devalued (and that a gold-standard really is better), then I don't think anything will.

[RSLudlum]

Probably shouldn't be stickied because everything but the gold and m3 charts are a snapshot in time from January. I could post a compilation of linked charts later though.

good idea

[Fox McCloud]

*bump*

I know this is "old", but it's really nice tidbits of info on high oil prices.

[Zippyjuan]

Gold and oil are both commodities and commoditites do tend to move fairly closely together in price. Try comparing other commodities and see.

[FunkBuddha]

Has anyone got a good recent value of the dollar vs price of oil chart?

[Fox McCloud]

Gold and oil are both commodities and commoditites do tend to move fairly closely together in price. Try comparing other commodities and see.

your opposition to a gold-backed currency and ideas that the dollar has very little impact on the value of oil never cease to amaze me (and in this case, that's not a good thing), despite the fact that many here (and a few not, such as Paul van Eeden, Ron Paul hismelf, G. Edward Griffin, etc.) have presented quite a bit of information contrary to what you say.

Even more shocking is your unwavering support of a 0-interest Congressional issued currency--not to mention you seem think that inflation wouldn't be a problem under this scheme.