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DRDGOLD Ltd. Message Board

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  • jermarge2000 jermarge2000 Mar 16, 2004 6:55 PM Flag

    Got Diamonds?

    If the value of gold stays constant in 3/16/04 dollars, ie $400/oz, but the dollar eventually deteriorates to 1/10000 of that value then gold would be U.S. 4,000,000/oz.

    Such calculations are ludicrous however, merely illustrative of the kinds of events which HAVE occured in Germany & the USSR.

    Gold WILL increase in actual value year over year due to increased demand. My main point though is that fiat can only be valued relative to something that is real.

    Cheers

 
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