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To: JRandomFreeper

Gold’s value will not be in terms of dollars. Dollars are useless. Gold’s value will have to seek it’s own level. You may be right and it might take a lot of gold to convince you to sell tobacco, or maybe you wont sell at all. But if you specialize in tobacco you will have to take SOMETHING in exchange. How will you judge the value of anything? How much is a can of tobacco worth in beans? In wheat? in gold?


211 posted on 12/27/2013 12:01:37 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
How much is a can of tobacco worth in beans? In wheat? in gold?

The ratio of value for rice/gold remains, but may vary over time.

I have a spreadsheet detailing the value of commodities, based on many factors, and grounded in reality of historic ratios. Not some made-up, off-the-cuff crap by an armchair warrior.

/johnny

212 posted on 12/27/2013 12:06:38 PM PST by JRandomFreeper (Gone Galt)
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