OK, its bothered me enough. Enough even to write this trivial little post.
Every mainstream article I’ve read says the same thing:
“OMFG! Gold is at an all time high!”.
It is NOT at an all time high.
Gold hit an all time high of $877US/ounce back in 1980. In inflation adjusted dollars, that translates to $2,298.60US/ounce in 2009.
If gold goes north of this price, THEN it will have hit an all time high.
Why is it mainstream media gets this all wrong? Is a bunch of intellectually bereft sheep all running around quoting each other, or is there a central mis/disinformation agency coordinating what outlets will say?
Is it possible they don’t want to report the inflation adjusted number to let people know how much the State/banking cartel has ripped us off via their inflation pogroms?
1 response so far ↓
heatherlinbell // December 2, 2009 at 4:49 pm |
So! So what? It’s high and technically it is an all-time-high. (I am sticking out my tongue at you but you can’t see it).
Just kidding! Anyway it’s a better thing to talk about than Tiger Woods backing out of his driveway.