Currency Comparison Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?

Purchasing power parities are not a reasonable method for comparing households across countries or currencies. The reason for this is simply that PPPs are sensitive to the prices of all the commodities, goods and services, that households are consuming worldwide, with each commodity weighted in the calculations according to its share in international household consumption expenditure.

The strength in gold is revealing the general weakness in the dollar.

Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.

I read that yesterday, the Mexican peso hit its lowest point since March of 2009. In fact, things got so bad, it was seen leaving a bar with the American dollar.

In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.

To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.