Quote:
Originally Posted by Brutha  Even in Europe Oil is more expensive than a few years ago.
It clearly isn't all about the dollar.
Natural ressources have become more expensive over the last years because of growing demand. |
Your European central banks have been inflating the heck out of the Euro as well.
Also, oil is still bought and sold on the market in Dollars, not Euros.
You pay for your gas in Euros at your local gas station, but you are still paying the higher price for the inflated dollar.
Quote:
Originally Posted by Brutha Natural ressources have become more expensive over the last years because of growing demand. |
Not a chance. There are other factors at play here.
You are saying that gold has
quadrupled in price since 2001 (much like oil) because of higher demand? Silver too?
Gold is hardly subject to supply and demand. The very fact that gold has had a stable price...er,
value, for thousands of years is why it was historically so popular as as standard for money.