Love your tagline.
The ‘value’ of Gold hasn’t changed much, the same amount of Gold today will get you a car as it did 100 years ago - “The standard Ford 4-seat open tourer of 1909 cost $850 (equivalent to $20,091 today).” http://en.wikipedia.org/wiki/Ford_Model_T#Price
Had the Dollar been pegged to the value of Gold any rise in the world markets would boost the value of the Dollar, not decreased it.
In 1980, 20 oz of gold would buy you a $16,000 car. In 1999, a $5,500 car and today a $22,000 car. You don't think there is a big difference between those 3 cars?
Had the Dollar been pegged to the value of Gold any rise in the world markets would boost the value of the Dollar, not decreased it.
Do you think a dollar worth 4 times what it was in 1999 would be a good thing?
Seriously, we all know that a standard 2009 Ford is a lot more comfortable and reliable than a standard 1909 Ford. Not only that, today's oz. of gold can buy a lot more food, clothing and shelter than a 1909 oz of gold bought.
Finally, since 1909 we've seen gold's buying power fall by more than half and soar over three fold. Let's face it, precious metal prices are all over the place.