It is commonly understood that the purchasing power of gold is relatively stable over long periods of time. Quotes such as the cost of a Roman toga is similar to a lounge suit today are common. In addition, we know that a cup of coffee in Jonathan’s coffee house which was the forerunner of the London Stock Exchange over 250 years ago at a pre-decimal pe…
Oil is very cheap in real terms
This article demonstrates why dollar oil prices are likely to rise considerably more than widely expected, even before allowing for further dollar debasement.
