If you are paying for your gasoline in American Dollars, essentially fake fiat paper notes backed by bullshit, then the price of gasoline is eating you alive in the last few years. But since 1995 check out how the price of Gold has also gone up (if you are paying for it in US Dollars / per ounce):
Price of Gold:
Now check out how the price of Gasoline has risen in the same amount of time.
Price of Gasoline per Gallon:
The price of Gold and the price of Gasoline have nearly risen identically in the last 10 years! If you were buying gasoline for $1.40 a gallon in 2000 and buying an ounce of gold for about $275 a ounce as well then multiply both by 3 and in 2008 you are still getting gasoline for $4 a gallon and gold for about $800 an ounce.
If our money was backed by gold and silver, then since 2000, the price of a gallon of gasoline HAS NOT CHANGED!
Why? Lets check out the value of a US dollar since 2000:
Value of the US Dollar:
It pretty much tanked by the same amount. Its chart is going in the opposite direction of both gold and gasoline. God isn't making any more gold, silver and gasoline. All that was deposited on Earth is already here. But the Federal reserve is printing up more dollars and "watering down" their value everyday.
If this is not good enough then lets take it back 45 years ago
That [1960's] quarter came close to paying for a gallon of gas that year – the average price per gallon was 30 cents. And the 1963 (or earlier) quarter was, shall we say, sturdier than today’s version: 90 percent silver, 10 percent copper. Today’s quarters, according to the U.S. Mint, “are ‘clad,’ which means layered. The inner core is pure copper and the outer covering is copper mixed with nickel.”
A quarter weighs about a fifth of an ounce. At today’s silver price of around $18 per ounce, the 1963 quarter had the equivalent of today’s $3.24 of silver in it. Thus, silver essentially buys the same amount of gasoline today that it did 45 years ago.
Our American money is a scam. Obama talks about change but he's not mentioning the REAL root of the problem. The whole system is a scam and Barack Obama is only putting lipstick on the pig.
Start adding a few silver and gold coins
to your savings if you want to stay ahead of the never ending federal counterfeiting scheme!
*Note: Don't take investment advice from any blogger without doing your own research first. Peace!
Labels: Federal Reserve, money, Obama