You are viewing a single comment's thread from:

RE: The wood as an indicator of rising inflation [Ger/Eng]

in Proof of Brain4 years ago

in one year wood rose 500%, while gold only 26%.

What could make you think that each time gold loses its status as reserve and refuge value and moves to other areas!
By this I do not mean that people are saving on wood, it would be silly to think about it.

But as resources are increasingly scarce, prices begin to be more juicy!


Posted via proofofbrain.io

Sort:  

Yes, gold is first of all a metal in an expensive safe. As a currency, there are better alternatives, as Hive shows very well. Once people lose confidence in their own currency, however, this will have far-reaching consequences. I hope this experiment with the cheap money of the central banks does not become a storm.


Posted via proofofbrain.io