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RE: How Do you Measure your Wealth?
You should consider a basket to avoid short term noise... gold is stable over long term but can go up and down in its purchasing power (i.e. gold oil ratio, gold dow ratio etc.). Gold is a great start. Remember that gold was never money on its own, it was always part of a duel currency system (with silver). So to be on a true gold standard you would want to price with 1:12 or 1:16 ratio (or one you find historically accurate) basket of gold and silver. If it's not too complicated (and be saving with gold and silver).
I'm glad you brought up the gold dow ratio and the gold silver ratio. The gold silver ratio is so out of wack it's ridiculous. 70 ounces of silver for 1 oz of gold? You gotta be kidding me. What exactly do you mean "price with 1:12 or 1:16 ratio?" could you give me a good example of this so I can better understand?