Questions and Answers
A reader emailed us, to ask a few pointed questions. Paraphrasing, they are:
Who cares if dollars are calculated in gold or gold is calculated in dollars? People care only if their purchasing power has grown. What is the basis good for? Is it just mathematical play for gold theorists? How does knowing the basis help your readers? Is it just a theoretical explanation of what has already happened? Prove that if someone has known the basis for the last four years, he has benefited. He also added:
‘Most websites on gold I’ve seen I have no respect for. They are snake oil salesmen trying to sell gold. Yours is not. So in that sense you guys are honest.’
That number, again, is 1-800-GOT-GOLD!
Just kidding. Thank you, sir, for your kind words and now let’s address your questions.
First, we have a general response. It is good to know the truth, for its own sake, even if there is no immediate or obvious practical benefit. The world works a certain way and, speaking for ourselves, we want to know what that way is. As they say, knowledge is power.
This post was published at Acting-Man on December 5, 2017.