Wait the value of gasoline is plunging

New York Sun/Seth Lipsky/11-18-2021

Image of newspaper headline featuring 'Gold, dollar'“The thing to keep in mind, though, is that the value of gasoline has been falling. That is, the amount of gasoline that one can purchase for an ounce of gold has been rising — dramatically, if one looks at the long haul and in terms of the kind of money that the Federal Reserve can’t just print or conjure on a computer keypad. We checked and came up with startling results, beginning with the decade that ended in 1966.”

USAGOLD note: In Lipsky’s inverse way of thinking, it’s not the value of gasoline that is plunging but the value of the dollar. We would venture that in this era of the digital money printing press, it will be a long while until the value of gasoline skyrockets. In fact, the Seth Lipsky’s of the world would likely argue that it is unlikely to happen until the value of the dollar is once again linked to gold.  All of which, of course, is a back door endorsement of personal gold ownership.

Share
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.