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I think you are right about deflation at least, I think that is what happened with gold. Perhaps an answer might be to adjust the dollar value of gold (allowing money to be 'printed') depending on productivity.

I don't kmow about others but I'm not holding gold right now or suggeting it as an investment. I'm just trying to understand it.

Sure gold has uncertain intrinsic value right now. That's only because nobody knows whether the U.S. dollar will fail. While we have fiat currencies the price of gold is a bet along a continuum. At the bottom of the continuum some believe that people in economic growth countries will buy more...

Ah, sorry for the confusion, wikipedia worded that. No I think thats 165,000 ever, up 'til 2009. But I think the point is still valid that it now costs a lot to mine gold (though more & more profitable), & what's mined is not much compared to the "world vault". It's so much easier to create more...

From Gold Reserve Wikipedia Page 340.9/165000 = 0.002066 = pittance This is why gold is stable, as I said they aint making any (much) more of it. Interestingly the U.S. still has one of the largest holdings of gold per capita in the world despite being off the gold standard for 4 decades...

I'm not saying gold is the answer to the problems of all history. Please give me credit for being a little more complex than that. I'm not a champion of gold. If the USD were a fiat country in the early 1900's the great depression might not have been so great. I'm just saying that we got into...

Agreed, and that is what makes gold valuable, because the value of anything under a fiat currency can be manipulated. I don't mean to say that gold isn't being manipulated under a fiat currency right now. I mean that money cant be fudged while it's backed by gold. Don't get me wrong IV...

I agree GLD is manipulated. I imagine it's pretty hard to manipulate physical gold once you take delivery, I suppose it could be stolen which won't affect the market price. My point is that gold itself can't be manipulated, like land they aren't making any more of it.

I'd put it the other way around Aaron. Gold is real money. The amount of it does not fluctuate like currency, it cannot be manipulated. So when the worlds currencies are manipulated to within an inch of their lives, they lose their value. We say the sun rises but in truth the earth turns. We...

Apparently there are two states in the U.S. (& more to come), where you can have a debit card which allows you to spend your gold. Every time you make a transaction it converts your gold to cash instantly. Is Gold Really Money? Have you heard of the phrase "not worth a continental"? The...

I'm actually saying I think they're all unique. Randomness in the markets is the one thing you can count on. The market is undecided on the issue. There may be some data somewhere that will convince the market one way or another. Yet I don't think a half dozen past bubble charts is strong enough...

I agree that the only way to confirm a housing bubble is when it bursts. However the corollary of that statement is this, so long as price to income ratios remain high there is no way to confirm no housing bubble. You can't have your cake & eat it to, and you can't analyse charts and ignore...