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Old March 24th, 2013, 11:03 AM   #91
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Originally Posted by imaginethat View Post
I don't deny that the dollar has lost value. Your gasoline comparison is EXTREMELY misleading and a textbook example of cherry-picking data to make a point ... specifically, using December 2008 as a comparison point. The whole story:



The average high price for gasoline in 2008 was $4.11/gal, but in several metropolitan areas it almost got to $5/gal. The graph above shows gas prices in 2012 dollars. The high point for gas hasn't happened on Obama's watch. And, the reason gas bottomed in 2008 isn't too hard to explain.

The fact that the US was already in a recession hadn't hit home yet, after all, the word from the president in as late as July 2008 was that the economy was basically sound.

Futures traders, in a last rush of naked greed, had bid the price the price of a barrel of oil to $147/bbl. Then, the president, in Sept. 2008, told US citizens that without a significant bailout, yes, indeed, the sky was going to fall and take down the US and world economies with it.

Suddenly, the price of oil nosedived to $30.28/bbl on Dec. 23 about 20 percent of $147/bbl. Is it any wonder gasoline dropped to $1.84/gal. If the price of gas had fallen percentage-wise the same as oil, it would have been selling for around $0.80/gal!!

You too often play loose with facts, TN. Gold prices, inflation adjusted:



Inflation-adjusted gold prices don't support your allegations. Nor does the Canadian dollar/US dollar exchange rate. This a a chart for how much a Canadian dollar is worth in US dollars:



I don't trust anything you pull off the top of your head, TN. Not one "fact" you posted was true, and worse, you weren't even close.
Nope you put most any hard commoditie gold Silver oil even food. the price has ~ doubled in the last 4 years.

Do you believe in a "Gold/Siver" standard or not?
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Old March 24th, 2013, 11:24 AM   #92
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What's the hold up imaginethat?
You may get a response if you used charts that were not out of context and manipulated regarding the historical price of gold.
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Old March 24th, 2013, 12:13 PM   #93
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Nope you put most any hard commoditie gold Silver oil even food. the price has ~ doubled in the last 4 years.

Do you believe in a "Gold/Siver" standard or not?
If you wish to refute the data I provided with data from another source, please do. We then can debate the reliability of the sources.

But, if you think that reply deserves a response, you're desperately wrong.
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Old March 24th, 2013, 12:32 PM   #94
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If you wish to refute the data I provided with data from another source, please do. We then can debate the reliability of the sources.

But, if you think that reply deserves a response, you're desperately wrong.
Both sources show that the dollar has lost betweent 40 and 50% of its value over the last 4 years.

Silver from 14/oz to 31/oz

Gold has gone from ~950-1650/oz

Gasoline 1.84/gallon to 3.90/gallon

oil 2008 <40/BBL to 95+/BBL

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Old March 24th, 2013, 12:44 PM   #95
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Originally Posted by TNVolunteer73 View Post
Both sources show that the dollar has lost betweent 40 and 50% of its value over the last 4 years.

Silver from 14/oz to 31/oz

Gold has gone from ~950-1650/oz

Gasoline 1.84/gallon to 3.90/gallon

oil 2008 <40/BBL to 95+/BBL

I refuse to debate you further on this subject. You ignore your own dishonesty, and cherry-picking. You produced no data on the Canadian dollar, none on silver, none on gold, none on gasoline, your oil data is over a shorter time period, and the oil data you provide is not inflation-adjusted.

Last edited by imaginethat; March 24th, 2013 at 12:53 PM.
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Old March 24th, 2013, 01:15 PM   #96
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Originally Posted by Jimmyb View Post
You may get a response if you used charts that were not out of context and manipulated regarding the historical price of gold.
Gold prices rise because of fear mongering.
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Old March 24th, 2013, 01:20 PM   #97
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Gold prices rise because of fear mongering.
As I said, if you did not use manipulated charts--specific time periods--you could probably get a reply. Why don't you start with Isaac Newton and work your way up. You will get a solid view of gold, demand, and currency.
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Old March 24th, 2013, 02:27 PM   #98
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I didn't post those charts genius.
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Old March 24th, 2013, 02:40 PM   #99
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I didn't post those charts genius.
That is my point. You use a point in time to support your post, but discard the entire picture. The entire picture is the antithesis of propaganda.
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Old March 24th, 2013, 02:44 PM   #100
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I didn't post those charts.
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