Thursday 17 May 2012

Immutable vs. NOT immutable............from Rico

The adjective immutable means: unchanging through time/unalterable/ageless.

Gold is gold. It is a unit of account and store of value that cannot be manipulated by Central Bankers who can very easily 'mislead' us about the value of their fiat paper while blithely ignoring true supply-and-demand by printing more paper (ctrl+P these days on a computer).

Gold is gold. It is immutable. Fiat currencies and Central Bankers are NOT immutable...quite the opposite, as history amply demonstrates for us.
- Currencies and Central Banks fail and are replaced, while gold remains gold.

The attached charts speak for themselves.


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