Comments on: The Real Price of Oil: Dollars, Gold, and the Price of Tea in China http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/ - Motion + Mobility Fri, 10 Feb 2012 10:26:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gold24 http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-48418 Gold24 Sat, 17 Sep 2011 14:56:09 +0000 http://www.ridelust.com/?p=3726#comment-48418 Impressive!It is the evidence of failure of economic system. Impressive!It is the evidence of failure of economic system.

]]> By: Gold Price http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-47901 Gold Price Tue, 06 Sep 2011 04:00:57 +0000 http://www.ridelust.com/?p=3726#comment-47901 Would you happen to have an updated chart you could post on this article as well? I would love to see the movement for gold and silver if possible. Would you happen to have an updated chart you could post on this article as well? I would love to see the movement for gold and silver if possible.

]]> By: Joe http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-46600 Joe Wed, 10 Aug 2011 03:10:34 +0000 http://www.ridelust.com/?p=3726#comment-46600 "What this chart makes obvious is that the value of oil has not been increasing in real terms..." Uh, wrong... and a complete failure in terms of logical reasoning. Look at some graphs: oil and gold have both shown parabolic increases over the past few years. And yes, the purchasing power of gold has greatly increased. Why not compare oil or gold to something that has really been constant? The price of a gallon of milk, a loaf of bread, etc. Do this comparision and your conclusions will be quite different from what you have posted here. “What this chart makes obvious is that the value of oil has not been increasing in real terms…”

Uh, wrong… and a complete failure in terms of logical reasoning.

Look at some graphs: oil and gold have both shown parabolic increases over the past few years. And yes, the purchasing power of gold has greatly increased.

Why not compare oil or gold to something that has really been constant? The price of a gallon of milk, a loaf of bread, etc. Do this comparision and your conclusions will be quite different from what you have posted here.

]]> By: Arthur http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-31056 Arthur Fri, 19 Nov 2010 15:24:07 +0000 http://www.ridelust.com/?p=3726#comment-31056 might I have permission to utilize this image as a part of a presentation on Air pollution might I have permission to utilize this image as a part of a presentation on Air pollution

]]> By: Neo http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-10256 Neo Sun, 07 Jun 2009 10:13:25 +0000 http://www.ridelust.com/?p=3726#comment-10256 People saying that the graph is b.s. obviously can't read a graph... Usually saying that the price of oil has gone up as well as gold... Well, this still shows in RELATION to the amount of value the Euro and Dollar have changed under the same timeline... Yes, the graph shows that gold has a steady line across, this doesn't mean they didn't rise in cost... They both just remained very proportional to each other... The value of the dollar and euro have not... And printing money out of air is a huge problem.. Support auditing/abolishing the fed as well as support economic growth without bailouts as they devalue the dollar in the long run... With all the bailouts lately, wars, unethical spending, it's going to make us look good in the short run, but the long run will be an even bigger collapse... People saying that the graph is b.s. obviously can’t read a graph… Usually saying that the price of oil has gone up as well as gold… Well, this still shows in RELATION to the amount of value the Euro and Dollar have changed under the same timeline… Yes, the graph shows that gold has a steady line across, this doesn’t mean they didn’t rise in cost… They both just remained very proportional to each other… The value of the dollar and euro have not… And printing money out of air is a huge problem.. Support auditing/abolishing the fed as well as support economic growth without bailouts as they devalue the dollar in the long run… With all the bailouts lately, wars, unethical spending, it’s going to make us look good in the short run, but the long run will be an even bigger collapse…

]]> By: dai http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-3695 dai Mon, 18 Aug 2008 19:59:26 +0000 http://www.ridelust.com/?p=3726#comment-3695 Stunning! It is the evidence of failure of money system. Stunning!

It is the evidence of failure of money system.

]]> By: JP http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-3694 JP Mon, 18 Aug 2008 19:17:08 +0000 http://www.ridelust.com/?p=3726#comment-3694 Reply to Dude: QUOTE "Doesn’t this really mean that the cost of both oil and gold have increased by roughly the same amount?" That is exactly what it means. It means that the cost of both oil and gold have increased by the amount of the devaluation of the currency. It takes more DOLLARS to buy oil and gold. The actual cost of taking the oil or the gold out of the ground has not gone up...except to the extent that the dollar has gone down. I have to say it: Ron Paul has been right about SO many things including this. I am still amazed that the people of this country turned their backs on him. Reply to Dude: QUOTE “Doesn’t this really mean that the cost of both oil and gold have increased by roughly the same amount?”

That is exactly what it means. It means that the cost of both oil and gold have increased by the amount of the devaluation of the currency. It takes more DOLLARS to buy oil and gold. The actual cost of taking the oil or the gold out of the ground has not gone up…except to the extent that the dollar has gone down.

I have to say it: Ron Paul has been right about SO many things including this. I am still amazed that the people of this country turned their backs on him.

]]> By: JP http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-3693 JP Mon, 18 Aug 2008 19:10:44 +0000 http://www.ridelust.com/?p=3726#comment-3693 The fact that the price of gold has gone up is the crux of the whole argument. Gold inherently has VALUE whereas the US currency does not have inherent value. It take more dollars to buy both gold and oil. The fact that the price of gold has gone up is the crux of the whole argument. Gold inherently has VALUE whereas the US currency does not have inherent value. It take more dollars to buy both gold and oil.

]]> By: gk http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-3689 gk Mon, 18 Aug 2008 16:22:16 +0000 http://www.ridelust.com/?p=3726#comment-3689 Of course the price of gold has 'gone up'.... Since the dollar is weaker (worth less), it takes more of them to purchase the same amount of gold. The author points out (and correctly) that the same amount of gold still buys the same amount of oil as it did 7 years ago. That the number of pieces of paper printed by a government to purchase an ounce of gold fluctuates does not mean the value of the gold itself is also changing. Of course the price of gold has ‘gone up’…. Since the dollar is weaker (worth less), it takes more of them to purchase the same amount of gold. The author points out (and correctly) that the same amount of gold still buys the same amount of oil as it did 7 years ago.
That the number of pieces of paper printed by a government to purchase an ounce of gold fluctuates does not mean the value of the gold itself is also changing.

]]> By: Malcolm http://www.ridelust.com/the-real-price-of-oil-dollars-gold-and-the-price-of-tea-in-china/#comment-3685 Malcolm Mon, 18 Aug 2008 13:56:04 +0000 http://www.ridelust.com/?p=3726#comment-3685 Has anyone considered/realized that gold prices have been BOOMING over the past few years. That does NOT represent everything in the market... Has anyone considered/realized that gold prices have been BOOMING over the past few years. That does NOT represent everything in the market…

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