Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Once I can buy food directly with my 1oz of gold, I'll buy your gold-based-valuation argument.

Comparing one asset (share of GOOG) vs. another, namely, gold is silly when you contrast to assigning currency value.

Last I checked, food hasn't become 4x more expensive, so things still revolve around currency (or currencies), not the value of gold.



Since when can you buy food in exchange for stocks?


That's the point. You can't buy food with gold or stocks, but you can with money (currency). So that is what you measure the value with.


You should check again. While food prices haven't quadrupled they have doubled...

According to the IMF Commodity Price Index, at least. http://www.imf.org/external/np/res/commod/index.aspx


How much of food commodities prices (and for that matter, gold prices) are the result of pure speculation?

http://triplecrisis.com/food-price-volatility/


What's the value in Economist Burgernomics?

http://www.economist.com/blogs/dailychart/2011/07/big-mac-in...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: