Comments by "k98killer" (@k98killer) on "" video.

  1. I think the devaluation of labor is the bigger issue. Debasement of labor via fiat inflation is certainly a part of it, but if wages increased in real terms, homes would be more affordable. Also, gold's purchasing power does fluctuate in real terms over time: changes in its purchasing power are inverse to changes in confidence in the fiat system. On a long time scale, it tends to keep up with inflation, but that is only a small part of its dynamics -- there is also sovereign debasement, changes in central bank reserves/sovereign wealth fund assets, changes in the stock-to-flow ratio, commodity market leverage liquidations, etc. Creating a really accurate model for gold price movements is really difficult in my experience because of how many different factors have transient correlations.
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  2. Housing is more than just a place to live or savings to fund retirement: it is the backbone for affordable capital loans for people -- it is how boomers finance small business acquisitions and entrepreneurial activity. If your wages were never high enough to build up equity in a house, you were denied entry at the base level of the private sector's capital financing system.
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  3.  @kingdadu  Agreed.
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