I just wonder what all of you will say when gas reaches $10.00 a gallon. Oil just reached an all time numerical price of $70.00 a gallon. The highest ever? No!! It reached an inflation adjusted price of $90.00 in the mid 70's. Gold just broke $625 an ounce today, the highest in 25 years numerically, but not even close to inflation adjusted dollars for 1980. It would have to reach $2000 an ounce to match 1980. Bill Gates is often thought to be the richest man ever in the U.S., at 60+ billion. Is he?? Not even close!! At the turn of the century John D. Rockefeller had a net worth of about $900 million dollers. That's right, only 900 million. However in todays dollars that would have been 180 billion. So bill Gates is a relative pip squeek. However if Bill Gates decided to collect third reich material he could corner and destroy the market over night as he did with the last non institutional Leonardo Da V. manuscripts. My point is that in the current moment and near future, we will see a falling dollar and increase of the money supply that will produce price inflation of all commodities over and above all other supply and demand market forces. You see it now in oil first. Oil is rising not because of middle east problems but because of increased demand but also a falling dollar in which oil is denominated. A sea of dollars will float all boats including the third reich. Just a few rambling thoughts. David
