I am pretty sure that the price of all goods started to fall relative to gold after the USA moved to a pure fiat money regime. If so do the gold price of oil itself informative or should one look to the relative price of oil (in what ever money units) to other goods or baskets of other goods.
Put a bit different, how was oil performing in the inflationary world?
I am pretty sure that the price of all goods started to fall relative to gold after the USA moved to a pure fiat money regime. If so do the gold price of oil itself informative or should one look to the relative price of oil (in what ever money units) to other goods or baskets of other goods.
Put a bit different, how was oil performing in the inflationary world?