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This isn't true: gold prices have varied wildly relative to the price of the dollar. For example, gold was at $1780/oz as of September 2012, and is now at $132
by a_c_s 12y ago
This isn't true: gold prices have varied wildly relative to the price of the dollar.
For example, gold was at $1780/oz as of September 2012, and is now at $1326/oz, a difference of -34%. Prices for goods and services have not fallen 34%. On average the prices for consumer goods have increased by a few percent in dollar terms, so an ounce of gold will buy you less than 34% of what it would have two years ago.
Intelligent comparisons of prices are done with inflation-adjusted dollar values rather than gold-adjusted values for a reason.