fiat currency

Super Bowl XLVIII: Fiat Currency Vs. Precious Metal

Apparently, one would need more than 200x the amount of U.S. dollars and 6x the amount of gold to buy a ticket for Super Bowl XLVIII versus a ticket for Super Bowl I (1967).Sources: Coventry League; Bloomberg; Zero Hedge Source: Bloomberg (click to enlarge)

Top 10 Reasons For Fiat Currencies

Yuan Dynasty Banknotes (circa 14th century) Let’s end the year with some humor from The Daily Capitalist and its recent post titled “Top Ten Reasons Why Fiat Currency Is Superior To Gold (Or Silver) Money.” The Top 10 Reasons are below; the commentary can be found at The Daily Capitalist. Number 10: There Is Not …

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Gasoline And Oil Prices

Proven world oil reserves, 2009 Below is a 72-month chart from illustrating the price of gasoline per gallon and the price of crude oil per barrel (WTI, albeit Brent has a greater impact on U.S. gasoline). Source: Nevertheless, for a brief history lesson, oil sold from OPEC (the Organization of the Petroleum Exporting …

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